Mira has saved $25,000 over the years and she has the option of investing it in either of the two investment plans. Investment A offers 12 percent interest compounded monthly, whereas Investment B pays 13 percent interest compounded semiannually. The difference between the future values of the two investments if Mira's investment horizon is seven years is closest to: The second is 60,371.86 the first is 57,668.07
(A) $4,204.52
(B) $3,577.87
(C) $1,152.34
(D) $2,703.79
(E) $3,250.22
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Home » Business » Mira has saved $25,000 over the years and she has the option of investing it in either of the two investment plans. Investment A offers 12 percent interest compounded monthly, whereas Investment B pays 13 percent interest compounded semiannually.