Select the best alternative among the following five alternatives. Assume the investment is for a period of

Question:

Select the best alternative among the following five alternatives. Assume the investment is for a period of 4 years and P = $10,000.
(a) 11.98% interest rate compounded continuously
(b) 12.00% interest rate compounded daily
(c) 12.01% interest rate compounded monthly
(d) 12.02% interest rate compounded quarterly
(e) 12.03% interest rate compounded yearly