Multiple Compounding Periods (FV): Your Mother Is Trying to Choose

Multiple Choice

Multiple compounding periods (FV) : Your mother is trying to choose one of the following bank term deposits to invest $10,000. Which one will have the highest future value if she plans to invest for three years?

A) 3.5% compounded daily
B) 3.25% compounded monthly
C) 3.4% compounded quarterly
D) 3.75% compounded annually.