The total value would be the amount he put in plus the amount he earns in interest. The answer should be 424
He would have $4131 left from $5400 with a decrease with 23.5%
You would do 200 times 1.58 and that gets you 316 hope this helps :)
the more years the money stays invested, the more interest it earns, so clearly, if the compounding cycle is the same for both options, and the rate of 7% is the same as well for both, then the one with more years will give more interest..
so depends on what "best" means in this context, but if it's more interest earned, 3 years gives more interest than 2 years of course.
