Mathematics, 26.09.2021 01:50, amirasaleh1012
Lana wants to deposit $800 in a certificate of deposit for a maximum of one year. The bank offers her four options. Which offer would earn Lana the most interest?
A. A one-year certificate of deposit with a nominal interest rate of 2 percent.
B. A three-year certificate of deposit with a nominal interest rate of 3 percent
C. A one-year certificate of deposit with a nominal interest rate of 3 percent
D. A three-year certificate of deposit with a nominal interest rate of 4 percent
please no links thank you!
Answers: 1
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