Week 03 Discussion - CD Interest Rates FMHO
kritin15Research the interest rates of certificates of deposit (CD) from three different financial institutions. Assume that you have an initial investment of $1,000. Using your future value models, calculate how much you would have in the next five years based on the interest rate and frequency of compounding for each CD. Present your findings in the discussion forum. Which CD would be best? Are there other terms and/or conditions that would affect your decision? Why or why not?
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