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:

Ideal Self

A person's conception of how they would like to be, embodying their aspirations and goals.

Looking-glass Self

A social psychological concept stating that a person's self grows out of society's interpersonal interactions and the perceptions of others.

Petty Theft

The act of stealing items of relatively low value; considered a minor crime or misdemeanor.

Reflection

The process of intentionally thinking about one's actions, experiences, beliefs, and values to gain insights or learning.