Suppose you are considering investing $1,000 in one of the following bank CDs (certificate of dep… 1 answer below »

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Question 225 points) Suppose you are <a href=considering investing considering investing $1,000 in one of the following bank CDs (certificate of deposit) a. The first CD will pay an interest rate of 12% year for three years. b. The second CD will pay 18%the first year, 10% the second year, and 8% the third year. Which CD does yield the higher interest? “>

Suppose you are considering investing $1,000 in one of the following bank CDs (certificate of deposit). the Fust CD will pay an interest rate of 12% year for three years. the second CD will pay 18% the first year, 10% the second year, and 8% the third year. Which CD does yield the higher interest?

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