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Assume that you have $20,000 to invest for 10 years. Fund A offers you 6% compounded monthly. Fund B offers you 6% compounded annually. How
Assume that you have $20,000 to invest for 10 years. Fund A offers you 6% compounded monthly. Fund B offers you 6% compounded annually. How much will your investment be worth in 10 years at Fund A and Fund B? Show all your work and all your calculations. Begin with the general formula.
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