Multiple Choice
Scenario: An investor is considering three different investment options. Investing in Option A pays him $4,000 after 6 years, investing in Option B pays him $7,600 after 7 years, and investing in Option C pays him $9,000 after 8 years. If he deposits the amount with a bank, he would receive an annual interest rate of 9 percent.
-Refer to the scenario above.If the investor plans to invest a sum of $4,000,which of the following statements is true?
A) All three investment options are equally profitable.
B) Options A and B are profitable investment options, whereas Option C is not.
C) Options A and C are profitable investment options, whereas Option B is not.
D) Options B and C are profitable investment options, whereas Option A is not.
Correct Answer:
Verified
Correct Answer:
Verified
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