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Evaluate each of the following $10,000 investment alternatives and recommend the best alternative for investing any principal regardless of th actual amount. Assume in all
Evaluate each of the following $10,000 investment alternatives and recommend the best alternative for investing any principal regardless of th actual amount. Assume in all cases that the principal and simple interest earned in prior terms are placed into subsequent investments. Alternative 1 6% for 1 year Alternative 2 Alternative 3 5% for 6 month: 5.25% for 3 months, then 7% for 6 month: 5.75% for 3 months, then 6.25% for 3 months, then 6.75% for 3 months
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