texas101st78
texas101st78
28.01.2022 • 
Mathematics

A couple has $5,000 to invest and has to choose between three investment options. • Option A:24% interest applied each quarter
• Option B: 35, interest applied every 4 months
Option C: 455 interest applied twice each year

If they plan on no deposits and no withdrawals for 5 years, which option will give them the largest balance after 5 years? Use a mathematical model for each option to explain your choice

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