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please help me solve this question completely and show all work. thank you 10. To help her get started Andrea's old boss Mr. Reynolds gives
please help me solve this question completely and show all work. thank you
10. To help her get started Andrea's old boss Mr. Reynolds gives her $2100. Her friends, River and Simon, also give her $4000 as a graduation gift. Finally she receives a signing bonus of 10% of her base salary from her new job. Rather than spend the money Andrea decides to invest it to help save for a down payment for a house. Blue Sun Banking currently has two 7-year investment options. The first is a CD with an APR of 3%, compounded weekly. The second is a mutual fund that has an APR of 3.5%, compounded semiannually. Which option is a better choice for Andrea and why? If Andrea chooses your option, how much will she have for a down payment at the end of the 7-years Step by Step Solution
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