You plan to save $10,000 today for three years. Which one of the following will have...
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You plan to save $10,000 today for three years. Which one of the following will have the highest future value? Investment A: A bank account paying 5% compounded annually. Investment B: A bank account paying 5% simple interest. Investment C: A bank account paying 5.5% simple interest. You plan to save $10,000 today for three years. Which one of the following will have the highest future value? Investment A: A bank account paying 5% compounded annually. Investment B: A bank account paying 5% simple interest. Investment C: A bank account paying 5.5% simple interest.
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