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[13 pts) An investor needs to choose between two investment options. Investment 1 offers an annual interest rate of 4.45% compounded biannually (two times per

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[13 pts) An investor needs to choose between two investment options. Investment 1 offers an annual interest rate of 4.45% compounded biannually (two times per year). Investment 2 offers an annual interest rate of 4.35% compounded daily. Which option would you recommend to the investor? Clearly motivate your answer with supporting calculations. (You may want to calculate the APY for each of these inveastment options.)

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