Which of the two options yields the greatest return on your investment of $2,000? Option 1: 8%

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Which of the two options yields the greatest return on your investment of $2,000?
Option 1: 8% annul interest compounded quarterly for four years
Option 2: 8 ¼% annul interest compounded annually for four years.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:53 AM

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Which of the two options yields the greatest return on your investment of $2,000? Option 1: 8%

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Option 1 44 16 periods 8 4 2 per period Table value 137...View the full answer

Business Math

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