Business Finance Homework Help
Business Finance Homework Help. What are the balances for each type of investment at the end of the third year?
You saved $20,000.00 and want to
diversify your monies. You invest 45% in
a Treasury bond for 3 years at 4.35% APR compounded annually. You place 15% in a CD at 3.75% APR for 3
years compounded annually. 20% you
invest in a stock plan and the remainder is in a savings account at 2.90% APR
compounded annually. The stock plan
increases 8% the first year, decreases in value by 4% the second year, and
increases by 6% the third year.
Business Finance Homework Help
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