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You recently won $2,500 in a raffle. You decide to invest that money in a three year certificate of deposit (CD). Fifth Third Bank offers
You recently won $2,500 in a raffle. You decide to invest that money in a three year certificate of deposit ("CD"). Fifth Third Bank offers its CD customers 6.9% interest, compounded daily (assume 365 days). Truist Bank offers its CD customers 7.0% interest, compounded semi-annually. Wells Fargo offers its CD customers 7.1% interest, compounded annually. After analyzing the three offers, you decide the best offer for your investment is
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