Answer:
Order from the greatest yield to the least as follows
1. Situation B=$2,119.8949
2. Situation A=$2,095.3078
3. Situation C=$2,022.7789
Step-by-step explanation:
Situation A
A=P(1+r/n)^nt
=500(1+0.12/12)^12*12
=500(1+0.01)^144
=500(1.01)^144
=500(4.1906155936008)
=$2,095.3078
Situation B
A=P(1+r/n)^nt
=500(1+0.1/4)^4*15
=500(1+0.025)^60
=500(1.025)^60
=500(4.3997897488150)
=$2119.8949
Situation C
A=P(1+r)^t
=500(1+0.15)^10
=500(1.15)^10
=500(4.0455577357079)
=$2022.7789
Order from the greatest yield to the least as follows
1. Situation B=$2,119.8949
2. Situation A=$2,095.3078
3. Situation C=$2,022.7789
