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Question 1 If Ms. Jaylee wants to obtain $150,000 in a maximum of 7 years, calculate the following two options and indic
Posted: Sat Mar 19, 2022 5:55 pm
by answerhappygod
- Question 1 If Ms Jaylee Wants To Obtain 150 000 In A Maximum Of 7 Years Calculate The Following Two Options And Indic 1 (64.49 KiB) Viewed 41 times
Question 1 If Ms. Jaylee wants to obtain $150,000 in a maximum of 7 years, calculate the following two options and indicate which of them would be more interesting for her. a) Putting all her savings in an account for 5 years at an annual interest rate of 5% compounded monthly, and investing the resulting amount for 2 more years at a 9% compounded quarterly. b) Putting all her savings in an account for 3 years at an annual interest rate of 6% compounded quarterly, and investing the resulting amount for 4 more years at a 8% compounded semiannually. Best option: