You have $7,000 excess cash to invest after you fully funded your emergency fund. You can choose to use the cash on a T-bill that can be purchased for $6,500 (maturing to value at $10,000 after one year) or you can buy two CDs for $3500 each (that can be purchased with a guaranteed 3% return after 12 months).Which will give a better return (in percentages)? Show work.

Answer rating: 100% (QA)

To compare the return on investment for the two options Tbill and CDs we will calcul... View the full answer