Research two financial institutions to determine the various deals being offered on certificates of deposit. Assume that

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Research two financial institutions to determine the various deals being offered on certificates of deposit. Assume that you want to invest $10,000, for up to 24 months.

a) What interest rates do these CDs pay?

b) How often is interest compounded?

c) Which offers a better deal?

Posted Date: Oct 09, 2021 08:00 PM

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Research two financial institutions to determine the various deals being offered on certificates of deposit. Assume that

Question:

Expert Answer:

Certificates of Deposit A certificate of deposit CD is a savings account that holds a fixed amount of money for a fixed period of time such as six months one year or five years and in exchange the iss... View the full answer

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