You and some friends have started your own company. After the first few months, the profits are rolling in. It is time to start thinking about putting your money to work for you. You decide that investing $5,000 into some Certificates of Deposit (CDs) would be a beneficial move.
With a CD, you lend your money to a third party, and after a set time, your money is paid back with interest. Before you start investing the company's money this way, you need to pitch it to your friends.

Question

You and some friends have started your own company. After the first few months, the profits are rolling in. It is time to start thinking about putting your money to work for you. You decide that investing $5,000 into some Certificates of Deposit (CDs) would be a beneficial move.
With a CD, you lend your money to a third party, and after a set time, your money is paid back with interest. Before you start investing the company's money this way, you need to pitch it to your friends.

anonymous · Answer

For this project, you can develop a written report, a slideshow, a video, or any other platform as long as it fully addresses the criteria listed below.
1.	Research the highest interest rate (APY—annual percent yield) for 2-year and 5-year CDs. Document the company's name, interest rate, and minimum investment. The minimum investment must be less than or equal to $5,000.

anonymous · Answer

@chaser71 can you help?

anonymous · Answer

@lucylou24240 can you help me if you're not busy right now?

anonymous · Answer

f(x) = 5000(1.2 for example)x

You decide that investing $5,000 into some Certificates of Deposit (CDs) would be a beneficial move.

Now u would just plug in the years as x...for example:
f(1) = 5000 x 1.2
f(1) = 6000

f(2) = 5000(1.2)2
F(2) = 5000 x 2.4
f(2) = 12000

(your investing $5000). I know its a lot, and super confusing.

anonymous · Answer

oh, ok