3. Kate wants to invest $3,000 for three years. Which one of the following will provide her with the largest future value? A. 6 percent interest, compounded annually B. 6 percent interest, compounded quarterly C. 6 percent interest, compounded monthly D. 6 percent interest, compounded weekly E. 6 percent interest, compounded daily Answer: 4. Which of the following will increase the total amount of interest earned on an investment? Assume all interest is reinvested. I. increasing the compounding frequency of the interest rate II. decreasing the compounding frequency of the interest rate III. increasing the interest rate IV. decreasing the interest rate A. I only B. II only C. III only D. IV only E. Both I and