Which of the following two options will give you the greatest future value: (A) an initial deposit
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Which of the following two options will give you the greatest future value: (A) an initial deposit of $100 earning 20% per year, compounded annually and left to grow for 10 years, or (B) an initial deposit of $75 earning 12% per year, compounded monthly and left to grow for 15 years?
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It is Option A that will yield the greatest longterm value because The future value ...View the full answer
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