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?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 10E

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