Certificates of Deposit (CD's)
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Conduct an internet search for information on certificates of deposit. Discuss your findings in terms of what CDs are available and their rates. Calculate how much you would stand to make if you invested $1,000 on the best CD that you found. Also, calculate how amount of return on a $1,000 investment on the least desirable that you found.
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Solution Summary
The solution researches CD rates and gives potential return numbers on an investment in some of these.
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There are several different CD's available from a short 3 month deposit to a 5 year commitment with minimum deposits ranging from $500 to $500,000. One can invest in a 3 month, a 6 month, a 1 year, a 3 year, or a 5 year CD.
The following is a ...
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