SOLUTION: You are due to receive 3 payments(one per year)which you can invest in an account that earns 9% interest per year.Which sequence of payments yields the greatest amount? a. $200,$3

Question 732229: You are due to receive 3 payments(one per year)which you can invest in an account that earns 9% interest per year.Which sequence of payments yields the greatest amount?
a. $200,$300,$250
b. $250,$100,$300
c. $400,$100,$100
d. $300,$200,$250
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
we can eliminate
b. $250,$100,$300........31.5
c. $400,$100,$100.......54
because total amount is lower than a and d
check a:
a. $200,$300,$250......with 9% interest per year= ...first year you get interest; in all $,
second year interest per year,for two years will be ,
third year interest per year
for all three years you got:$

d. $300,$200,$250..........first year you get , second year , third year
for all three years you got:
so, your answer is a. $200,$300,$250
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