Mathematics, 18.03.2021 02:00 alexandria3498

Keller has $20,000 to invest. He plans to use it for retirement in 20 years. He has two options for his investment. City Bank offers a CD with simple interest at a rate of 8%. Broker B has a treasury note that offers an interest rate of 8%
compounded yearly. Which bank should he choose to give himself the highest rate of return?

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Keller has $20,000 to invest. He plans to use it for retirement in 20 years. He has two options for...

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