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Which one offers the largest value at the end of tenth year

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Problem 1: Compute the future value of $100 for: (A) 10 years at 5 percent compounded annually; (B) 10 years at 4.5 percent compounded quarterly; (C) 10 years at 4.0 percent compounded monthly. Which one offers the largest value at the end of the tenth year?

Option A

Option B

Option C

None of the above; they all offer the same future value after 10 years

Reference no: EM132562747

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