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Commercial banks and other institutions in the marketplace offer a 3-month certificate of deposit that allows you to invest cash and earn a 1.5% quarterly

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Commercial banks and other institutions in the marketplace offer a 3-month certificate of deposit that allows you to invest cash and earn a 1.5% quarterly interest rate. If you have invested money in the 3-month certificate of deposit, you may want to consider withdrawing all or a part of it this quarter. Remember that you face great uncertainty as you enter this new marketplace. You will need substantial financial resources to deal with the unexpected. YOUR TASK In the Workspace, enter the amount your company would like to withdraw from the certificate of deposit this quarter, or the amount you wish to add to it. Keep in mind that the funds that you invest in the certificate of deposit CANNOT be automatically transferred to your checking account should you run out of cash this quarter. 3-Month Certificate of Deposit Total 3-month certificate of deposit investment from last quarter 50,000 How much would you like to withdraw from your account? 0 How much would you like to add to your account? 0 3-month certificate of deposit account for current quarter Quarterly interest rate Interest to earn 50,000 1.50 750

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