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1. Mr. Miguel earned $ 12,500.00 in commission from insurance sales to an international company. He is undecided where he invests them since he has

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1. Mr. Miguel earned $ 12,500.00 in commission from insurance sales to an international company. He is undecided where he invests them since he has four bank companies that is making him the following 5-year offer at 6% interest. PR 1 Bank: you are offered semi-annual compound interest PR 2 Bank: You are offered annual compound interest A. How much does he have at the end of the year for each offer? B. How much would it be per year at simple interest? C. Which bank would you recommend and why

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