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a You deposit $100 and a friend deposits $1,000,000 with 12 % interest, for a two years. You would like to explore the impact of

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a You deposit $100 and a friend deposits $1,000,000 with 12 % interest, for a two years. You would like to explore the impact of compounding in annual term and compare it with the quarterly, monthly, biweekly and daily terms. What is the impact of choosing different compounding period? Use Excel to validate your

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