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Compare investment alternatives You have accumulated $25,000 and are looking for the best rate of return that can be earned over the next year.
Compare investment alternatives You have accumulated $25,000 and are looking for the best rate of return that can be earned over the next year. A bank savings account will pay 3%. A one-year bank certificate of deposit will pay 6%, but the minimum investment is $30,000. Required: Calculate the amount of return you would earn if the $25,000 were invested for
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