Question: Which investment will be characterized by the highest monetary return at the end of the investment horizon? Assume annual compounding. Select one: a. 2 years
Which investment will be characterized by the highest monetary return at the end of the investment horizon? Assume annual compounding.
Select one:
a. 2 years at the interest rate of 6% per year.
b. 4 years at the interest rate of 9% per year.
c. 7 years at the interest rate of 3% per year.
d. 5 years at the interest rate of 5% per year.
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