Which of the following investments will have the highest future value at the end of 5 years?
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Question:
Which of the following investments will have the highest future value at the end of 5 years? Assume that the effective annual rate for all investments is the same.
A pays $50 at the end of every 6-month period for the next 5 years (a total of 10 payments).
B pays $50 at the beginning of every 6-month period for the next 5 years (a total of 10 payments).
C pays $500 at the end of 5 years (a total of one payment).
D pays $100 at the end of every year for the next 5 years (a total of 5 payments).
E pays $100 at the beginning of every year for the next 5 years (a total of 5 payments).
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