Kim has $18,000 to invest. Choose the option that will earn her the most money. Question 1 options: 4.5% compounded annually for 2 years. 2.56% compounded annually for 4 years 3.65% compounded annually for 2 years. 3.48% compounded annually for 3 years.

2.56% compounded annually for 4 years will earn her the most money.

Step-by-step explanation:

Amount at Compound Interest, A=P(1+r)ⁿ

The amount for each investment plan is calculated and comparison is done.

4.5% compounded annually for 2 years.

A=18000(1+0.45)²=18000(1.45)²=$37845

2.56% compounded annually for 4 years

A=18000(1+0.256)⁴=18000(1.256)⁴=$44795.16

3.65% compounded annually for 2 years.

A=18000(1+0.365)²=18000(1.365)²=$33538.05

3.48% compounded annually for 3 years.

A=18000(1+0.348)³=18000(1.348)³=$44090.21

step-by-step explanation:

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