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Consider the following investments : (1) $1,000 invested at 10% per annum with monthly compounding. (2) $1,000 invested at 9.5% per annum with daily compounding.
Consider the following investments : (1) $1,000 invested at 10% per annum with monthly compounding. (2) $1,000 invested at 9.5% per annum with daily compounding. (3) $1,000 invested at 9% per annum with continuous compounding. (a) Which investment would you choose?
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