Andrew has $2300 to invest for the next 10 years. he has three options for investment.
option a: the interest rate is 3% compounded monthly.
option b: the interest rate is 5% compounded quarterly.
option c: the interest rate is 7% compounded annually.
which option yields the greatest return on andrew's investment?

Option C

Step-by-step explanation:

.03 at 3500 for 10 years monthly will give a 10.52 return.

.05 at 3500 for 10 years quarterly will give a 17.54 Return.

.07 at 3500 for 10 years annually gives a 24.58  return. Option C is the best one for him to choose.

a) false; the points do not have to be in a straight line.

step-by-step explanation:

the points could be in the shape of a triangle

b is incorrect

c is incorrect because it is saying the immediately don't form one when they are capable of doing so

d is incorrect