Select the best alternative among the following five alternatives. Assume the investment is for a period of

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Select the best alternative among the following five alternatives. Assume the investment is for a period of 4 years and P = $10,000.

(a) 11.98% interest rate compounded continuously

(b) 12.00% interest rate compounded daily

(c) 12.01% interest rate compounded monthly

(d) 12.02% interest rate compounded quarterly

(e) 12.03% interest rate compounded yearly

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