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Mathematics, 18.11.2020 17:10 jo1720
Kim has $18,000 to invest for 2 years. She has the following options.
For a - d, enter how much she will have at the end of the 2 years.
a. A term deposit at 4.5% interest compounded annually.
b. Shares, paying a rate of 4.48% per annum with dividend paid quarterly
c. A building society account, paying a return of 4.56% paid quarterly.
d. A business venture with guaranteed return of 3.65% paid daily.
e. Advise Kim which option to take if all the investments are equally secure and why.
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Kim has $18,000 to invest for 2 years. She has the following options.
For a - d, enter how much she...
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