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Suppose you have $1,000 to invest. You can either invest in a cd that yields an 8% simple interest, or in a cd that yields

Suppose you have $1,000 to invest. You can either invest in a cd that yields an 8%

simple interest, or in a cd that yields a 6% interest is compounded quarterly. Which

investment will yield a greater return at the end of one year? Show work to prove your

answer.

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