A couple received $8500 as wedding gifts. They decide to invest this money and use it in three years for a down payment on their first house. They are considering three different investment options. What amount would result if they invest

a) for 3 years at 4.3% simple interest?

b) for 3 years at 4.1% interest compounded annually?

c) for 3 years at 3.9% interest compounded monthly?

4. What is the Annual Percentage Yield for the 3.9% interest compounded monthly investment option?

e) Which is the best investment for this couple?

MAKE SURE YOU LABEL YOUR RESPONSES. a, b, c, d, e