Question
Which is the best investment for three consecutive years?
a. A growth of 5% followed by a growth of 10% followed by a growth of 15%
b. A growth of 15% followed by a growth of 10% followed by a growth of 5%
c. Three years of growth at 10% per year.
a. A growth of 5% followed by a growth of 10% followed by a growth of 15%
b. A growth of 15% followed by a growth of 10% followed by a growth of 5%
c. Three years of growth at 10% per year.
Answers
Reiny
evaluate:
a) 1.05(1.1)(1.15)
b) 1.15(1.1)(1.05)
c) 1.1(1.1)(1.1) and compare
a) 1.05(1.1)(1.15)
b) 1.15(1.1)(1.05)
c) 1.1(1.1)(1.1) and compare