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Title: Juan has $1,000 that he would like to invest in a CD. His bank offers two alternatives, i.e., a one- Post by: shepherd on Feb 19, 2016 Juan has $1,000 that he would like to invest in a CD. His bank offers two alternatives, i.e., a one-year CD paying 6% or a two-year CD paying 9 percent. Juan has been reading that interest rates are rising and, based on his research, he estimates that by year-end the rate on one-year CDs will increase to 10 percent. What alternative would give Juan the most interest and what would the total interest be?
A) One two-year CD returning $180 interest B) One two-year CD returning $1,900 interest C) Two one-year CDs returning $160 interest D) Two one-year CDs returning $120 interest Title: Re: Juan has $1,000 that he would like to invest in a CD. His bank offers two alternatives, i.e., a Post by: tityl on Feb 27, 2016 Content hidden
Title: Re: Juan has $1,000 that he would like to invest in a CD. His bank offers two alternatives, i.e., a one- Post by: shepherd on Mar 5, 2016 Exactly what I wanted!
Title: Re: Juan has $1,000 that he would like to invest in a CD. His bank offers two alternatives, i.e., a one- Post by: tityl on Mar 9, 2016 My pleasure
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