Tavius wants to invest $2,500. Which option will earn him the best value?A.A savings account with 3 percent simple interest.B.A three-year certificate of deposit with a nominal interest rate of 4 percent.C.A savings account with 3 percent interest compounded annually.D.A two-year certificate of deposit with a nominal interest rate of 3 percent.SUBMITarrow_backPREVIOUS

Which savings account will earn the most interest?A.$5,000 at 4 percent simple interest for four yearsB.$10,000 at 2 percent simple interest for four yearsC.$10,000 at 2 percent interest compounded for four yearsD.$5,000 at 4 percent interest compounded for four years

An investor has accumulated $6,900 and is looking for the best rate of return that can be earned over the next year. A bank savings account will pay 5%. A one-year bank certificate of deposit will pay 7%, but the minimum investment is $9,900.Required:Calculate the amount of return the investor would earn if the $6,900 were invested for one year at 5%.Calculate the net amount of return the investor would earn if $3,000 were borrowed at a cost of 15%, and then $9,900 were invested for one year at 7%.Calculate the net rate of return on the investment of $6,900 if the investor accepts the strategy of part b

John invested $2,500 of her savings in a certificate of deposit that pays an annual 4.25% rate of interest. The current annual inflation rate is 5%. Has John made a wise investment from an economic perspective?Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.aYesbNocCan't tell

An investor has $500,000 to spend. Three alternative investments have been identified, earning 15%, 10% and 18%, respectively. A goal has been set to earn average return of 15% on the total investment. In investment alternative 3, the investor invests 30% of the total investment. Determine the amount of money which should be invested in each option to satisfy the requirements of the investor.

Amira is going to invest in an account paying an interest rate of 2.4% compounded continuously. How much would Amira need to invest, to the nearest dollar, for the value of the account to reach $320 in 17 years?