Linda inherited a sum of 50000 from one of her grandparents


Linda inherited a sum of $50,000 from one of her grandparents. She would like to wisely invest the inheritance in one of the following three investment opportunities available for a period of 10 years. Help choose the best investment opportunity for Linda from the following alternatives: i) 9% compounded quarterly. ii) 8.90% compounded hourly. iii) 8.95% compounded monthly.

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Business Economics: Linda inherited a sum of 50000 from one of her grandparents
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