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Consider the following investment options. Option 1: invest $5000 for 7 years at 9% compound annually Option 2: invest $5000 for 7 years compounded continuously

Consider the following investment options.

Option 1: invest $5000 for 7 years at 9% compound annually

Option 2: invest $5000 for 7 years compounded continuously at 8%

How much will each investment be worth after 7 years? (Round your answers to the nearest cent.)

Option 1$ Option 2$

Which investment will earn more money?

Option 1Option 2

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