Question

You have $10,000 to invest and want to keep your money invested for 10 years. You are considering the following investment options. Choose the investment option that will earn you the most money.

Answer 1

A=10,000×(1+0.0289÷12)^(12×10)

A=13,346.28

A=10,000×(1+0.02975÷4)^(4×10)

A=13,450.07

A=10,000×(1+0.0299)^(10)

A=13,426.12

A=10,000×(1+0.0325×10)

A=13,250

Explanation: