Which of the Following Will Yield the Highest Future Value

question 18

Multiple Choice

Which of the following will yield the highest future value at the end of 5 years?

• A)$1,200 invested at 11.5% p.a.compounded quarterly
• B)$1,250 invested at 9.95% p.a.compounded daily
• C)$1,300 invested at 10.25% p.a.compounded monthly
• D)$1,400 invested at 12% p.a.simple interest

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Definitions:

Subsurface

Referring to the area beneath the earth's surface, often related to underground water or mineral reserves.

Surface

The outermost layer or boundary of an object or material.

Easement

A nonpossessory right, established by express or implied agreement, to make limited use of another’s property without removing anything from the property.

Product of the Land

Refers to natural resources or crops that are produced, grown, or extracted directly from the land.