Question
Edwards manager has asked him to look into the following options to invest $100.00. Use the Compound Interest table in the Business Math Handbook to
Edwards manager has asked him to look into the following options to invest $100.00. Use the Compound Interest table in the Business Math Handbook to find the future value of a $100.00 investment for each of the following options. List the options in order from the largest return to smallest return. Identify which option is best for the company.
What is the Table Value?
| Present Value | Rate | # of Years | Compounded | Table Value | Future Value |
| $100.00 | 10% | 5 | Annually |
| $161.05 |
| $100.00 | 12% | 8 | Semi-annually |
| $254.04 |
| $100.00 | 6% | 10 | Quarterly |
| $181.40 |
| $100.00 | 12% | 2 | Monthly |
| $126.97 |
| $100.00 | 8% | 15 | Semi-annually |
| $324.34 |
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