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Stephen has $2,400 to invest. Which one of the following investment options will produce the largest future value for him? A. 7%, compounded annually for

Stephen has $2,400 to invest. Which one of the following investment options will produce the largest future value for him?

A. 7%, compounded annually for 12 years

B. 7% simple interest for 10 years

C. 7%, compounded annually for 10 years

D. 7% simple interest for 12 years

E. 7%, compounded monthly for 12 years

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