Length of Interval Compounding Period Nominal Term of an Regular Payment Payment Rate Annuity FA 1 3,000 End of each Annually 8% 5 years month 12,000 End of each Quarterly quarter End of each FA 2 2%...

Suppose you would like to invest your money for your future. You have three
choices of funding agencies namely, FA 1, FA 2, and FA 3. Based on the given
data below, compute for the future interest of each funding agency. What would you choose? Explain your answer.

Extracted text: Length of Interval Compounding Period Nominal Term of an Regular Payment Payment Rate Annuity FA 1 3,000 End of each Annually 8% 5 years month 12,000 End of each Quarterly quarter End of each FA 2 2% 5 years FA 3 Monthly 3% 4,500 six months 5 years