Question: You are considering three options for investing $10,000: Option A: 7% compounded annually Option B: 6% compounded monthly Option C: 5% compounded continuously (a)

You are considering three options for investing $10,000: Option A: 7% compounded annually Option B: 6% compounded monthly Option C: 5% compounded continuously (a) Which option would be the best for investing $10,000 for 8 years? (Option A, B or C) (b) How long (in years) would you need to invest your money for Option C in order for it to be as good as option A over 8 years? (Round to 2 decimal places.)

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PART A Option A 7 compounded annually P 1000010078 P 1000016893 P 16893 Option B 6 compounded monthl... View full answer

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