Solution) Three local banks offer the following 1 year certificates of deposits: (a) Simple 5.2% yearly (b) 5%
Question: Three local banks offer the following 1 year certificates of deposits:
(a) Simple 5.2% yearly
(b) 5% per annum compounded monthly
(c) 4.75% per annum compounded daily.
Which CD results in the most interest?
Price: $2.99
Solution: The answer consists of 1 page
Deliverables: Word Document![](/images/msword.png)
Deliverables: Word Document
![](/images/msword.png)