Which of the following would generate the greatest value at the end of 1 0 years $ 1 0 0 invested at 8 compounded annually $ 1 0 0 invested at 8 compounded semi annually $ 1 0 0 invested at 8 compounded quarterly $ 1 0 0 invested at 8 compounded monthly

Question

Which of the following would generate the greatest value at the end of 1 0 years  $ 1 0 0 invested at 8   compounded annually $ 1 0 0 invested at 8   compounded semi   annually $ 1 0 0 invested at 8   compounded quarterly $ 1 0 0 invested at 8   compounded monthly

Accepted Answer

The Answer is in the image, click to view ...

Question

Which of the following would generate the greatest value at the end of 1 0 years? $ 1 0 0 invested at 8 % compounded

Which of the following would generate the greatest value at the end of $10$ years?

$ $100$ invested at $8 %$ compounded annually

$ $100$ invested at $8 %$ compounded semi $-$ annually

$ $100$ invested at $8 %$ compounded quarterly

$ $100$ invested at $8 %$ compounded monthly

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI