Question: 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

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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