9. For an annuity due of $325 per year for 10 years, which of the following interest rates will result in the largest future value?

a. 10.0%, compounded continuously.

b. 10.1%, compounded daily (365 days per year).

c. 10.2%, compounded monthly.

d. 10.3%, compounded quarterly.

e. 10.4%, compounded semiannually.

f. 10.5%, compounded annually 10.

For an annuity due of $1500 per year for 10 years, which of the following interest rates will result in the largest present value?

a. 2.00%, compounded continuously.

b. 2.05%, compounded daily (365 days per year).

c. 2.10%, compounded monthly.

d. 2.15%, compounded quarterly.

e. 2.20%, compounded semiannually.

f. 2.25%, compounded annually.

For an annuity due of $1500 per year for 10 years, which of the following interest rates will result in the largest future value?

a. 2.00%, compounded continuously.

b. 2.05%, compounded daily (365 days per year).

c. 2.10%, compounded monthly.

d. 2.15%, compounded quarterly.

e. 2.20%, compounded semiannually.

f. 2.25%, compounded annually.