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Business, 30.04.2021 17:40 salmirakayy4579

A certain U. S. government savings bond can be purchased for​ $7,500. This bond will be worth​ $10,000 when it matures in 5 years. As an​ alternative, a​ 60-month certificate of deposit​ (CD) can be purchased for​ $7,500 from a local​ bank, and the CD yields​ 6.25% per year. Which is the better investment if your personal MARR is 5​% per​ year? Assume annual compounding for CD.

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A certain U. S. government savings bond can be purchased for​ $7,500. This bond will be worth​ $10,0...

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