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Question - JG Asset Services is recommending that you invest $1,075 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?
a. $1,269.46
b. $1,276.76
c. $1,254.86
d. $1,262.16
e. $1,284.06
To make your decision you should use research and clearly lay out the facts and assumptions. You should then use the tools like IRR, NPV, TVM, Ratio Analysis.
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