Exercise 4.1. You have a choice between two certificates of deposit (CD). CD #1 advertises a rate of 1.6% compounded qua
Posted: Tue Sep 07, 2021 7:22 am
Exercise 4.1. You have a choice between two certificates of deposit (CD). CD #1 advertises a rate of 1.6% compounded quarterly and CD #2 advertises 1.5% compounded daily. If you must hold the CD for 5 years, which is the better investment?