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27 July, 17:30

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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Answers (1)
  1. 27 July, 17:58
    0
    I think it's a. because he's getting almost the same amount as the others but daily.
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