Mathematics, 27.06.2020 02:01 albattatasraap5wymy
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? a. Option A is the best choice, with a final balance of $575,769.64. b. Option B is the best choice, with a final balance of $342,936.58. c. Option B is the best choice, with a final balance $527,124.86. d. Option A is the best choice, with a final balance of $362,175.91.
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Nouchi has two investment options. Option A offers 9% annual interest with a $5000.00 principal and...
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