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Suppose you want $10,000 at the end of 4 years. You are evaluating multiple options for investment today. a) Compounding every month at a rate

Suppose you want $10,000 at the end of 4 years. You are evaluating multiple options for investment today.

  1. a) Compounding every month at a rate of 9% per year

  2. b) Compounding every week at a rate of 8.7% per year

  3. c) Compounding every day at a rate of 8.5% per year.

Which of the above options requires least up-front investment? What is that amount?

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