Patrick had $2000 to invest. Which of the following options should he choose? (a) 4% compounded… 1 answer below »

Patrick had $2000 to invest. Which of the following options should he choose? (a) 4% compounded… 1 answer below »

Patrick had $2000 to invest. Which of the following options should he choose?

(a) 4% compounded annually

(b) 3.75% compounded semi-annually

(c) 3.5% compounded quarterly

(d) 3.25% compounded monthly

Patrick had 2000 to invest Which of the following options

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