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stuck please help 1 2 3 4 5 HW#1. Lionel has $5000 to invest and has to decide among the following altematives: a. 6 years

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1 2 3 4 5 HW#1. Lionel has $5000 to invest and has to decide among the following altematives: a. 6 years at 9%, compounded monthly b. 8 years at 4%, compounded quarterly c. 7 years at 7.5%, compounded semiannually Which option provides the highest retum (calculate interest eamed)? 9.000% 12 6 4.000% 4 8 7.500% 2 7 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 $5,000.00 $5,000.00 $5,000.00 HW #1 Relevant Information Annual Interest Rate Periods Per Year Number of Years Needed Information Present Value Future Value Payment Rate Number of Periods Additional Calculations (if needed) Interest Eamed Answer: PV FV PMT RATE NPER 9.00% 72 4.00% 32 7.50% 14 NNNNN RA

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