zarinameraz6 zarinameraz6

11-04-2020
Mathematics

contestada

PLEASE!!!! HELP ME!!!!
Andrew has $2300 to invest for the next 10 years. He has three options for investment.

Option A: The interest rate is 3% compounded monthly.

Option B: The interest rate is 5% compounded quarterly.

Option C: The interest rate is 7% compounded annually.

Which option yields the greatest return on Andrew's investment?

Respuesta :

Himanshu17 Himanshu17

11-04-2020

Answer:

Option A yeilds the greatest return as it is compounded monthly

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