Question
Your friend asked you to help with selecting an investment. She has $7700 to invest today for a period of 2 years. You determine a
Your friend asked you to help with selecting an investment. She has $7700 to invest today for a period of 2 years. You determine a bank CD that pays an interest rate of .05 annually with the interest being paid quarterly. What will the value of the investment be in 2 years?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
