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Rob wants to invest $15,000 for 7 years. Which one of the following rates will provide him with the largest future value? a. 3 percent
Rob wants to invest $15,000 for 7 years. Which one of the following rates will provide him with the largest future value?
a. 3 percent interest, compounded annually
b. 4 percent interest, compounded annually
c. 4 percent simple interest
d. 3 percent simple interest
e. 2 percent interest, compounded annually
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