SOLUTION: Which of the following choices of investment yields the greatest for a deposit of $20,000 over 20 years?
a. 12% simple interest
b. 10.5% compounded quarterly
c. 11.5% compounded
Algebra ->
Finance
-> SOLUTION: Which of the following choices of investment yields the greatest for a deposit of $20,000 over 20 years?
a. 12% simple interest
b. 10.5% compounded quarterly
c. 11.5% compounded
Log On
Question 732230: Which of the following choices of investment yields the greatest for a deposit of $20,000 over 20 years?
a. 12% simple interest
b. 10.5% compounded quarterly
c. 11.5% compounded weekly
d. 11% compounded daily Answer by lynnlo(4176) (Show Source):
(