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5. Corinna is thinking about making an investment in different mutual funds. She has been given 3 options for investment. Each mutual fund has
5. Corinna is thinking about making an investment in different mutual funds. She has been given 3 options for investment. Each mutual fund has different investment amounts and returns. Use the future value formula to calculate the returns. Then use this information to answer the final analysis question. Option A: The investment amount is $50,000, the term is 5 years, and interest is 7.5%. What is the future value? Option B: The investment amount is $40,000, the term is 5 years, and interest is 10.5%. What is the future value? Option C: The investment amount is $25,000, the term is 5 years, and interest is 2.5%. What is the future value? Now that you have calculated each of the different future values of the investments, which one would you advise Corinna to invest in. Explain your reasoning?
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