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You walk into the bank and see a sign advertising 2-year CDs with a return of 4% per year. You have been sitting on some
You walk into the bank and see a sign advertising 2-year CDs with a return of 4% per year. You have been "sitting" on some cash ($5,000) for a little while and decide to invest it in the CD. How much is your investment worth at the end of two years? 5480 DQuestion 2 1 pts How many years would it take you to double your money, if you could invest it and earn 8% per year? Question 3 1 pts What price should you be willing to pay (i.e. what is the present value) for an investment that delivers $1,000 in 3 years, if your required return is 6% per year? Do NOT put the dollar sign into your answer. Just put in the number
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