Take the current amount you have in your checking or savings account. Suppose you have a choice of
Question: Take the current amount you have in your checking or savings account. Suppose you have a choice of keeping your money for five years in a savings account with a 2% interest rate, or in a five year certificate of deposit with and interest rate of 4.5%. Calculate how much interest you would earn with each option over five years time with continuous compounding.
Submit paper describing which savings instrument you would prefer and why by the end of the module.
Price: $2.99
See Solution: The downloadable solution consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
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