Suppose you're offered the following three accounts to invest $10,000 for 20 years: 16% simple interest, 9%

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Suppose you're offered the following three accounts to invest

$10,000

for

years:

16%

simple interest,

interest compounded monthly, and an annuity with quarterly payments of

$125

14%

interest compounded quarterly. Which is the best choice? Round your answers to the nearest cent.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 11, 2024 10:20 AM

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Suppose you're offered the following three accounts to invest $10,000 for 20 years: 16% simple interest, 9%

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Expert Answer:

To determine the best choice among the three investment options lets calculate the future value of e... View the full answer

Income Tax Fundamentals 2013

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