Suppose I have $1, 000 to put into a one-year CD.Community Bank offers 5 percent interest, Floatbank offers 5.25 percent, and Squidbank offers 5.40 percent.If I place my money in Squidbank, my economic profit on the investment is
A)5.40 percent
B)5 percent
C)0.40 percent
D)0.15 percent
E)-0.40 percent

Question

Quizplus · Accepted Answer

The Answer of Suppose I have $1, 000 to put into a one-year CD.Community Bank offers 5 percent interest, Floatbank offers 5.25 percent, and Squidbank offers 5.40 percent.If I place my money in Squidbank, my economic profit on the investment is
A)5.40 percent
B)5 percent
C)0.40 percent
D)0.15 percent
E)-0.40 percent

Suppose I Have $1, 000 to Put into a One-Year