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Assume that you have $10,000 to invest in a term deposit. In this situation, explain which of the three (3) deposits listed below (a. c.)
Assume that you have $10,000 to invest in a term deposit. In this situation, explain which of the three (3) deposits listed below (a. c.) you would select if the selection strategy is totally depend on the higher percentage per annum (per year).
a) a 90-day deposit that has a maturity value of $10,250.
b) a 130-day deposit that has a maturity value of $10,390.
c) a 145-day deposit that has a maturity value of $10,420.
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