Which will provide the largest yield on an annuity after 30 years with 6% annual interest, compounded monthly? Annuity A: Deposit $2400 per year Annuity B: Deposit $600 per quarter Annuity C: Deposit $72,000 one lump sum Would it be Annuity A, B, or C?

Which will provide the largest yield on an annuity after 30 years with 6% annual interest, compounded monthly? Annuity A: Deposit $2400 per year Annuity B: Deposit $600 per quarter Annuity C: Deposit $72,000 one lump sum Would it be Annuity A, B, or C?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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Which will provide the largest yield on an annuity after 30 years with 6% annual interest, compounded monthly?

Annuity A: Deposit $2400 per year

Annuity B: Deposit $600 per quarter

Annuity C: Deposit $72,000 one lump sum

Would it be Annuity A, B, or C?

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