Connect with a global community of knowledgeable individuals on IDNLearn.com. Get timely and accurate answers to your questions from our dedicated community of experts who are here to help you.
Consider the $50,000 excess cash.Assume that Gary invests the funds in a one year CD
a.What is the CD s value at maturity( future calue)if it pays 10 percent(annual) interest?
b. What will its future value be if the CD pays 5 percent interest? If it pays 15 percent interest?
Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. IDNLearn.com is committed to your satisfaction. Thank you for visiting, and see you next time for more helpful answers.
