Which of the following investment options will maximize your future wealth at the end of 20 years? Assume any funds that remain invested will earn a nominal rate of 12% compounded monthly.
(a) Deposit $5,000 now
(b) Deposit $80 at the end of each month for the first 10 years
(c) Deposit $50 at the end of each month for 20 years
(d) Deposit a lump sum in the amount of $15,000 at the end of year 10 5.19 Consider the project balances in Table P5.19 for a typical investment project with a service life of four years.