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?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
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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?
Investment A with 1,600,000 pesos
Investment C with 1,850,108.12 pesos
Investment C with 1,976,902.02 pesos
Investment B with 1,677,300.25 pesos
Transcribed Image Text: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? Investment A with 1,600,000 pesos Investment C with 1,850,108.12 pesos Investment C with 1,976,902.02 pesos Investment B with 1,677,300.25 pesos
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