Judy (from problem 1) is also considering investing the $ 12,500 in a certificate of deposit (CD).

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Judy (from problem 1) is also considering investing the $ 12,500 in a certificate of deposit (CD). She is guaranteed a return of 4% on a four year CD. How much would Judy earn from the CD? Which of the two alternatives offers the better return?

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Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Question Posted: Oct 13, 2015 06:08 AM

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Judy (from problem 1) is also considering investing the $ 12,500 in a certificate of deposit (CD).

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Calculate the value of the CD in four years Value at end of term Amount of deposit FVIF i ...View the full answer

Personal Finance

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