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Charlie has $ 1 2 , 0 0 0 to invest for a period of 5 years. The following three alternatives are available to him:

Charlie has $12,000 to invest for a period of 5 years. The following three alternatives are available to him:
Account 1 pays 5.00% for year 1,7.00% for year 2,9.00% for year 3,11.00% for year 4, and 13.00% for year 5, all with annual compounding.
Account 2 pays 13.00% for year 1,11.00% for year 2,9.00% for year 3,7.00% for year 4, and 5.00% for year 5, all with annual compounding.
Account 3 pays interest at the rate of 8.96329% per year for all 5 years.
Based on the available balance at the end of year 5, which alternative is Charlie's best choice?
Year 5 Balance, Alternative 1:$
Year 5 Balance, Alternative 2: $
Year 5 Balance, Alternative 3:$
Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +-5.
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