Question: Given the following X-Corp.s options between two CD offerings, perform the following tasks by applying appropriate techniques/methods where necessary in M. Keep in mind that
Given the following X-Corp.s options between two CD offerings, perform the following tasks by applying appropriate
techniques/methods where necessary in M. Keep in mind that it is absolutely essential for you to figure out even the highlighted areas
other than questions, though not directly asked, to correctly perform the task. The answer choices are found at the end of the problem
group.
Which one
is better? Principal APR comp
Maturity
(in yrs) frequency t*f $ Interest FV (Maturity Value
Citi $ 100,000.00 10.25% 4 2 Q15
Chase $ 100,000.00 8.50% 4 4 Q16
a. 139,995.19 b. 49,158.52 c. 149,158.52 d. 39,995.19 e. 16
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