Which of the following will yield the highest future value at the end of 5 years?
A)$1,200 invested at 11.5% p.a.compounded quarterly
B)$1,250 invested at 9.95% p.a.compounded daily
C)$1,300 invested at 10.25% p.a.compounded monthly
D)$1,400 invested at 12% p.a.simple interest

Question

Quizplus · Accepted Answer

The Answer of Which of the following will yield the highest future value at the end of 5 years?
A)$1,200 invested at 11.5% p.a.compounded quarterly
B)$1,250 invested at 9.95% p.a.compounded daily
C)$1,300 invested at 10.25% p.a.compounded monthly
D)$1,400 invested at 12% p.a.simple interest

Which of the Following Will Yield the Highest Future Value