Given the following X-Corp.s options between two CD offerings, perform the following tasks by applying appropriate

techniques/methods where necessary in M. Keep in mind that it is absolutely essential for you to figure out even the highlighted areas

other than questions, though not directly asked, to correctly perform the task. The answer choices are found at the end of the problem

group.

Which one

is better? Principal APR comp

Maturity

(in yrs) frequency t*f $ Interest FV (Maturity Value

Citi $ 100,000.00 10.25% 4 2 Q15

Chase $ 100,000.00 8.50% 4 4 Q16

a. 139,995.19 b. 49,158.52 c. 149,158.52 d. 39,995.19 e. 16