Question: a.) calculate the future value and intrest earned b.) decide which plan would be the best investment as a team by giving at least four
The bank gives your group several options to invest. - Plan A: An investment of $12,000 at 5.5% simple interest for 10 years. - Plan B: An investment of $15,000 at 4.5\% interest compounded yearly for 7 years. - Plan C: An investment of $11,000 at 5.25% interest compounded weekly for 6 years. - Plan D: An investment of $12,000 at 4% interest compounded continuously for 15 years. A. Calculate the future value and the interest earned ( 4 points) B. Decide which plan would be the best investment as a team by giving at least four (4) clearly stated mathematical reasonings. The write-up must be written in a way that any non-finance person can understand. In other words, picture yourself giving someone advice that doesn't know anything about investing. (12 points)
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