Lance is planning to invest $5000 for a period of 3 years. He has a choice of four different investments. Which of the combinations of interest rates and compounding below will earn the most money?
a.
7%, daily
c.
7.1%, monthly
b.
7.2%, annually
d.
7.125%, quarterly
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Home » Mathematics » Lance is planning to invest $5000 for a period of 3 years. He has a choice of four different investments. Which of the combinations of interest rates and compounding below will earn the most money? a. 7%, daily c. 7.1%, monthly b. 7.2%, annually d.