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Rank these investments based on their future value (amount) in highest (1) to lowest (4) order. In each problem assume the time period is 3
Rank these investments based on their future value (amount) in highest (1) to lowest (4) order.In each problem assume the time period is 3 years.
- 1. 2. 3. 4.Each month $100 is invested into an account. Money earns 4% compounded monthly. (t= 3yr)
- 1. 2. 3. 4.
You deposit $3200 into an account that earns a simple interest rate of 7%. (t=3yr)
- 1. 2. 3. 4.
You deposit $3000 into an account that earns an annual rate of 9% compounded monthly. (t=3yr)
- 1. 2. 3. 4.
You deposit $3100 into an account that is compounded continuosly at 7%. (t=3yr)
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