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1. Which is the better choice: $1000 deposited for a year: You must show your work below. a.at a rate of 5.5% compounded monthly? b.at

1.Which is the better choice: $1000 deposited for a year:You must show your work below.

a.at a rate of 5.5% compounded monthly?

b.at a rate of 5.4% compounded daily?

c.At a rate 4.5% compounded continuously?

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