Investment A will earn 0.5% per month.  Investment B will earn 6% per year.  Which investment will have the higher future value in 5 years? Select one: a. B b. A=B c. A

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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Investment A will earn 0.5% per month.  Investment B will earn 6% per year.  Which investment will have the higher future value in 5 years?

Select one:
a.

B

b.

A=B

c.

A

 

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