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Consider the pair of savings plans below. Compare the balances in each plan after 14 years. Which person deposited more money in the plan? Which

Consider the pair of savings plans below. Compare the balances in each plan after 14 years. Which person deposited more money in the plan? Which of the two investment strategies is better? Assume that the compounding and payment periods are the same for each pair. Kerry deposits $30 per month in an account with an APR of 4%, while Sage deposits $110 per quarter in an account with an APR of 4.5%.

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