You and some friends have started your own company. After the first few months,
ID: 2650276 • Letter: Y
Question
You and some friends have started your own company. After the first few months, the profits are rolling in. It is time to start thinking about putting your money to work for you. You decide that investing $5,000 into some Certificates of Deposit (CDs) would be a beneficial move.
With a CD, you lend your money to a third party, and after a set time, your money is paid back with interest. Before you start investing the company's money this way, you need to pitch it to your friends.
For this project, you can develop a written report, a slideshow, a video, or any other platform as long as it fully addresses the criteria listed below.
Research the highest interest rate (APY
Explanation / Answer
1 2 3 4 5 2 year 5060 5120.72 5182.169 5244.355 5307.287 initial investment 5000 5000 5000 5000 5000 profit 60.00 120.72 182.17 244.35 307.29 5 year 5100 5202 5306.04 5412.161 5520.404 initial investment 5000 5000 5000 5000 5000 profit 100 202 306.04 412.1608 520.404
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