Mark wants to invest his 1,000,000 pesos in an investment so that his money would grow overtime. He found three investment plans and the details for each investment are stated below: Investment A: 6.25% simple interest rate, can withdraw his investments after 10 years 1,625,000 Investment B: 5.76% interest rate compounded monthly, can withdraw his investments after 9 years 1,677,257.14 Investment C: 6.2% interest rate compounded quarterly, can withdraw his investments after 10 years 1,850,108.12 Which of the following investments will give Mark the most money in return?
Mark wants to invest his 1,000,000 pesos in an investment so that his money would grow overtime. He found three investment plans and the details for each investment are stated below: Investment A: 6.25% simple interest rate, can withdraw his investments after 10 years 1,625,000 Investment B: 5.76% interest rate compounded monthly, can withdraw his investments after 9 years 1,677,257.14 Investment C: 6.2% interest rate compounded quarterly, can withdraw his investments after 10 years 1,850,108.12 Which of the following investments will give Mark the most money in return?
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 92TPC
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