Multiple Choice
If interest rates are 5%,which of the following will produce the largest amount of money in four years?
A) $500 earning simple interest
B) $400 with interest compounded annually
C) $300 with interest compounded semiannually
D) $100 with interest compounded quarterly
E) $25 with interest compounded monthly
Correct Answer:

Verified
Correct Answer:
Verified
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