Question
You are planning on investing $2,400 every year for the next 4 years. You can earn 9% on your investment. The following are your options
You are planning on investing $2,400 every year for the next 4 years. You can earn 9% on your investment. The following are your options for investing the money. Option Investment amount Frequency 1 $200 Monthly 2 $600 Quarterly 3 $1,200 Semi-annually 4 $2,400 Annually 14. $_________What is the value of your investment if you select option 1 (round to nearest dollar)? 15. $_________What is the value of your investment if you select option 2 (round to nearest dollar)? 16. $_________What is the value of your investment if you select option 3 (round to nearest dollar)? 17. $_________What is the value of your investment if you select option 4 (round to nearest dollar)? 18. ____ Which of the above is your best investing option?
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