Question

You have $12,000 to invest and want to keep your money invested for 8 years. You are considering the following investment options. Choose the investment option that will earn you the most money. a. 3.99% compounded monthly b. 4% compounded quarterly c. 4.175% compounded annually d. 4.2% simple interest

Answer 1

I think the best answer will be a. 3.99% compounded monthly

Answer 2

Try C. I just took this test and thats what i answered. there is a 10% chance i'm wrong, but it could be correct. and for future reference:
A = P (1 + r/n) (nt).