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Suppose you are considering investing $1,000 in one of the following bank CDs (certificate of deposit). The first CD will pay an interest rate of

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Suppose you are considering investing $1,000 in one of the following bank CDs (certificate of deposit). The first CD will pay an interest rate of 5% year for three years. The second CD will pay 10% the first year, 4% the second year, and 3% the third year Which CD does yield the higher interest

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