Account A pays 8% compounded annually, account B pays 10% compounded annually, and account C pays 12%

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Account A pays 8% compounded annually, account B pays 10% compounded annually, and account C pays 12% compounded annually. If you need $15,000 three years from now, which account will you deposit the most?

A. Account A

B. Account B

C. Account C

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Oct 10, 2023 01:43 AM

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Account A pays 8% compounded annually, account B pays 10% compounded annually, and account C pays 12%

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Principles of Finance

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