document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1021771>Question 1021771</A>: <I><SPAN STYLE=\"word-break: break-all;\">  You have just won $15,000 in the lottery, and have been given two investment choices: buy a 1-yr T-bill for $14, 250—or to put the $15,000 in a 12-month CD paying 6%. Which investment will provide a higher return?\r<BR>\n" );
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document.write( "please show work so I will understand </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #637640 by </B><A HREF=/tutors/aboutme.mpl?userid=dbai2061><B>dbai2061(1)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=dbai2061><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=637640\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> buy a 1-yr T-bill for $14, 250\r<BR>\n" );
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document.write( "15000-14,250/14,250 =0.0526\r<BR>\n" );
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document.write( "               5.26%\r<BR>\n" );
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document.write( "$15,000 in a 12-month CD paying 6%.\r<BR>\n" );
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document.write( "15000 * .06 * 30/365\r<BR>\n" );
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document.write( "           =$73.98 </SPAN>\n" );
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