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You just won $900 in the lottery and you decide to invest this money for 10...

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Basic Math

You just won $900 in the lottery and you decide to invest thismoney for 10 years. Three accounts pay as follows:

  • Account A pays 14% interest per year.
  • Account B pays 13.4% interest per year, compoundedmonthly.
  • Account C pays 13% interest per year, compounded daily.

  1. For each account, determine the value of your investment after10 years.

    1. Account A: $   
    2. Account B: $   
    3. Account C: $   

  2. If you are trying to earn the most money possible on yourinvestment, which account should you invest your money in? (Selectall that apply.)

    • Account A
    • Account B
    • Account C

Answer & Explanation Solved by verified expert
3.8 Ratings (351 Votes)
The given question can be solved by calculating the final amountby    See Answer
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