Multiple Choice
Which of the following is the largest if the interest rate is 12 percent annually?
1) $100 compounded for three years
2) $100 annuity compounded for three years
3) the present value of $100 received after three years
A) 1
B) 2
C) 3
D) answer cannot be determined
Correct Answer:
Verified
Correct Answer:
Verified
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