How much money you will have after 10 years how long how, Financial Management

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How much money you will have after 10 years how long how

1. A Bank A offers 6% interest on its certificates of deposit. If you invest $5,000 in Bank A’s CDs, how much money you will have after 10 years? How long (how many years) do you have to wait until you can double your money?

2. You have two investment options. Which one would you chose? a. You put $4,000 in bank A and will receive $6,500 after 3 years. b. You put $5,500 in bank B and will receive $9,500 after 4 years?

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