Mira has saves $ 25000 over the years and she has the option of investing it in either of the 2 investment plans. Investment A offers 12 percent compounded monthly Investment B pays 13 percent interest compounded semiannually. What would be the difference between the future values of the 2 investments if Mira investment horizon is 7 years a. 2703.78 b. 4204.52 c. 1152.34 d. 3577.87 e. 3250. 22

Mira has saves $ 25000 over the years and she has the option of investing it in either of the 2 investment plans. Investment A offers 12 percent compounded monthly Investment B pays 13 percent interest compounded semiannually. What would be the difference between the future values of the 2 investments if Mira investment horizon is 7 years a. 2703.78 b. 4204.52 c. 1152.34 d. 3577.87 e. 3250. 22

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 6PROB

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