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Charlie has $10, 000 to invest for a period of 5 years. The following three alternative are available him: Account 1 pays 4.0% for year

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Charlie has $10, 000 to invest for a period of 5 years. The following three alternative are available him: Account 1 pays 4.0% for year 1, 5.0% for year 2, 6.00% for year 3, 8.00% for year 4, and 11.0% for year 5, Account 2 pays 11.00% for year 1, 8.0% for year 2, 6.00% for year 3, 5.00% for year 4, and 4.00% for year 5, Account 3 pays interest at the rate of 6.77143% per year for all 5 years. Based on the available balance at the end of year 5, which alternative is Charlie's best choice

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