To invest $5000 in a savings with a interest rate of 3.25% compounded daily. The rate is variable could increi

Question

could increase or decrease over the 5 yr period of time. Compare a 5 yr Certificate of Deposit which offers a interest rate of 4.75% compound quarterly or compare Index Mutual Fund which is not FDIC insured. This investment is in the stock market, so there is risk involved. Which of the three would be better to invest in.

Answer 1

You could invest $5,000 in small business and earn 24% per year ($1,200/year).

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