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please answer all completely uestion 7 of 8 -11 III w Policies urrent Attempt in Progress Charlie has $14,000 to invest for a period of

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uestion 7 of 8 -11 III w Policies urrent Attempt in Progress Charlie has $14,000 to invest for a period of 5 years. The following three alternatives are available to him: Account 1 pays 4.00% for year 1,5.00% for year 2,7.00% for year 3, 10.00% for year 4, and 13.00% for year 5, all with annual compounding Account 2 pays 13.00% for year 1, 10.00% for year 2,7.00% for year 3,5.00% for year 4, and 4.00% for year 5, all with annual compounding. Account 3 pays interest at the rate of 7.74956% per year for all 5 years. Based on the available balance at the end of year 5, which alternative is Charlie's best choice? Year 5 Balance, Alternative 1:$ 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 45. Click here to access the TVM Factor Table Calculator Save for Later Attempts: 0 of 3 used Submit

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