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uranmaximum [27]
3 years ago
15

Consider the $50,000 excess cash.Assume that Gary invests the funds in a one year CD

Business
1 answer:
hjlf3 years ago
7 0
By calculating interest at 10% for 1 year on CD
Interest = 50,000 * 10 * 1/100
Therefore future value = 50,000 + Interest
= 55000

Similary at 5%, future value is 52500
and at 15%, future valuer is 57500
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