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Nouchi has two investment options. Option A offers 9% annual interest with a $5000.00 principal and contributions of $500 at the beginning of each month. Option B offers 8% annual interest with a $10,000.00 principal and contributions of $300 at the beginning of the month.
If Nouchi plans to retire in 25 years, which option is the best choice for him?
Option A is the best choice, with a final balance of $575,769.64.
Option B is the best choice, with a final balance of $342,936.58.
Option A is the best choice, with a final balance of $362,175.91.
Option B is the best choice, with a final balance $527,124.86.
If Nouchi plans to retire in 25 years, which option is the best choice for him?
Option A is the best choice, with a final balance of $575,769.64.
Option B is the best choice, with a final balance of $342,936.58.
Option A is the best choice, with a final balance of $362,175.91.
Option B is the best choice, with a final balance $527,124.86.
Answers
Answered by
Catrina
I know that it is option A just don't know what the final balance is.
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