Given the following X-Corp.’s options between two CD offerings, perform the following tasks by applying appropriate techniques/methods where necessary in M. Keep in mind that it is absolutely essential for you to figure out even the highlighted areas other than questions, though not directly asked, to correctly perform the task. The answer choices are found at the end of the problem group.
Which one is better? Principal APR comp Maturity (in yrs) frequency t*f $ Interest FV (Maturity Value
Citi $ 100,000.00 10.25% 4 2 Q15
Chase $ 100,000.00 8.50% 4 4 Q16
a. 139,995.19 b. 49,158.52 c. 149,158.52 d. 39,995.19 e. 16