[SOLVED] Consider the $50,000 excess cash.Assume that Gary invests the funds in a one year CD a.What is the CD s value at maturity( future calue)if it pays 10 percent(annual) interest? b. What will its future value be if the CD pays 5 percent interest? If it pays 15 percent interest?

By calculating interest at 10% for 1 year on CDInterest = 50,000 * 10 * 1/100Therefore future value = 50,000 + Interest= 55000Similary at 5%, future value is 52500and at 15%, future valuer is 57500

Consider the $50,000 excess cash.Assume that Gary invests the funds in a one year CD
a.What is the CD s value at maturity( future calue)if it pays 10 percent(annual) interest?
b. What will its future value be if the CD pays 5 percent interest? If it pays 15 percent interest?

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