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Tutorial   14225

Sam wants to invest $5,000 for 5 years. Which one of the following rates will provide him with the largest future value? a. 5% simple interest b. 5%...

Question:

Sam wants to invest $5,000 for 5 years. Which one of the following rates will provide him with the largest future value?

a.           5% simple interest

b.           5% interest, compounded annually

c.            7% simple interest

d.           7% interest, compounded annually

ATTACHMENTS