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Which of the following will yield the highest future value at the end of five years? Select one: a. $1, 200 invested at 11.5% p.a.

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Which of the following will yield the highest future value at the end of five years? Select one: a. $1, 200 invested at 11.5% p.a. compounded quarterly b. $1, 400 invested at 12% p a simple interest c. $1, 300 invested at 10.25% pa. compounded monthly d. $1, 250 invested at 9.95% p.a. compounded daily Calculate the average compounded annual rate of return on an investment of $3,000 that grows to $8, 500 in six years' time. What quarterly payment is necessary to accumulate $16898000 over 12 years if the annual interest rate is 8% compounded quarterly? Assume payments are made at the end of each quarter

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