Multiple Choice
Which one of the following interest rates will produce the largest value at the end of ten years given a lump sum investment of $5,000?
A) 5.5%, compounded annually
B) 5.5%, simple interest
C) 6.0%, simple interest
D) 6.0%, compounded annually
E) 6.0%, compounded semi-annually
Correct Answer:

Verified
Correct Answer:
Verified
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