Kim has $18,000 to invest. Choose the option that will earn her the most money. Question 1 options: 4.5% compounded annually for 2 years. 2.56% compounded annually for 4 years 3.65% compounded annually for 2 years. 3.48% compounded annually for 3 years.

Hey, the answer is 3.48% for 3 years

Step-by-step explanation:Use the formula.

A=p (1+r) ^t Plug the numbers in

P=18,000

R=3.48% but you need to convert it to a decimal which equals to 0.0348

T=3 years

2.56% compounded annually for 4 years will earn her the most money.

Step-by-step explanation:

Amount at Compound Interest, A=P (1+r) ⁿ

The amount for each investment plan is calculated and comparison is done.

4.5% compounded annually for 2 years.

A=18000 (1+0.45) ²=18000 (1.45) ²=$37845

2.56% compounded annually for 4 years

A=18000 (1+0.256) ⁴=18000 (1.256) ⁴=$44795.16

3.65% compounded annually for 2 years.

A=18000 (1+0.365) ²=18000 (1.365) ²=$33538.05

3.48% compounded annually for 3 years.

A=18000 (1+0.348) ³=18000 (1.348) ³=$44090.21