uppose you're offered the following three accounts to invest  $10,000  for  20  years:  16%  simple interest,  8%  interest compounded monthly, and an annuity with quarterly payments of  $125  at  7%  interest compounded quarterly. Which is the best choice? Round your answers to the nearest cent. Part: 0 / 4

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Suppose you're offered the following three accounts to invest 
$10,000
 for 
20
 years: 
16%
 simple interest, 
8%
 interest compounded monthly, and an annuity with quarterly payments of 
$125
 at 
7%
 interest compounded quarterly. Which is the best choice? Round your answers to the nearest cent.
Part: 0 / 4
0 of 4 Parts Complete
 
Part 1 of 4
 
 
 
The future value of 
$10,000
 using 
16%
 simple interest is 
$
.
8% compounded monthly?
and
annuity @ quarterly payments
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