PLEASE HELP ASAP Option #
1
2
3
Contributions
$25
$75
$1,000
Total Interest Earned
$6,250.50
$2,493,257.79
$694,057.17
Final Balance
$15,275.50
$5,193,332.79
$1,054,082.17|
1) Which option was the least amount invested and what was the investment plan?
2) Which option yielded the highest amount at the end of the 30 years and what was the
basis of the plan?
3) What is the difference in the principal invested for the highest and lowest final
balances? What is the difference in the interest earned?
4) Is it better to invest more money in the beginning or the end of the 30 years?
Be sure to include in your response:
• The answer to the original question and any details that support your answer
• The plan you would recommend for the largest return on investment (this means
the most interest for the least amount invested)
• A general observation about the different ways to invest and the effect on the
final totals