Which of the Following Investments Will Have the Highest Future

question 119

Multiple Choice

Which of the following investments will have the highest future value?

• A) $1,300 invested at an annual interest rate of 10% for 5 years
• B) $1,000 invested at an quarterly interest rate of 2.25% for 10 years
• C) $1,300 invested at an quarterly interest rate of 2.25% for 5 years
• D) $1,000 invested at an annual interest rate of 10% for 10 years

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Definitions:

Precipitation

Precipitation is the process by which water in various forms falls from the atmosphere to the ground, including rain, snow, sleet, and hail.

Vegetation

All the plants and plant life of a particular region, habitat, or period.

Increasing Latitude

Refers to moving towards higher latitudes, either north or south, away from the equator, typically resulting in cooler climates and changes in daylight hours.

Increasing Elevation

A geographical condition characterized by areas rising to higher altitudes above sea level, often impacting climate, vegetation, and human activities.