Question
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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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
