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A person needs $80,000 at the end of a year and has two options: at 9% compounded monthly for one year (option A), or at

A person needs $80,000 at the end of a year and has two options: at 9% compounded monthly for one year (option A), or at 10% compounded bimonthly for one year.

How much should I deposit with the 9% and a 10% rate? Which options requieres less money in the deposit?

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