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4. The goal of this problem is to compare various investments and decide which would be most beneficial. An investor has $12,000 to invest and
4. The goal of this problem is to compare various investments and decide which would be most beneficial. An investor has $12,000 to invest and is willing to keep it invested for up to 5 years. Each of the options below is available. Find the future value of the investment. When you've completed all of them, write a few sentences explaining which you think would be the best choice for you. Investing money is highly personal so really consider which option is most appealing to you. d. A savings account that offers 2.18% compounded monthly. You can remove the money any time you like, but plan to keep it in the investment for 5 years. e. A different bank than the one from part d offers the same interest rate, but they compound hourly. The plan is also to keep the money invested for 5 years
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