22
QuizMultiple Choice

Unit Test — Unit test

Question 22 • OCPS -2102371-Personal Finance and Money Management

You have $12,000 to invest and want to keep your money invested for 8 years. You are considering the following investment options. Choose the investment option that will earn you the most money.a.3.99% compounded monthlyb.4% compounded quarterlyc.4.175% compounded annuallyd.4.2% simple interest

Answer
A
A
B
B
C
C
D
D
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You have $12,000 to invest and want to keep your…