Question: Write a recommendation for purchasing the CD that will return the most money to you at the end of the five years. (a) Determine how

Write a recommendation for purchasing the CD that will return the most money to you at the end of the five years.

(a) Determine how much you will have in five years to put down on a car.

(b) Does this amount surprise you in any way?

Each of you is given $1,000 in cash as graduation gifts from various relatives and family friends. You would like to invest this in a certificate of deposit (CD) so that you will have a down payment on a car when you graduate from college in five years.

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