The largest bank serving the companys local business

Reference no: EM13617293

The largest bank serving the company's local business community is currently offering an interest rate of 5.5% on three- year CD's. The bank pays interest on it CD's to depositors annually. The company's investment policy limits deposits in any individual bank to a maximum of $300,000. What is the Net Present Value? Is this a good investment?

Reference no: EM13617293

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