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Running head: BUSINESS ANALYSIS Business Analysis Name Institutional Affiliation 1 BUSINESS ANALYSIS 2 Business Analysis Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more at the end of each month. You have found a 6-month certificate of deposit that pays 6% compounded monthly. To obtain this rate of interest, you must invest a minimum of $2,000. You have also found a high interest savings account that pays 3% compounded daily. Based on the cash position of the business at this time, assume that you decide to invest $4,000. 1. Assume that you will invest the full amount in a certificate of deposit. a. What would be the future value of the CD at the end of the investment term? (14 points) At the end of the 6 month period, the future value of the ...
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