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Consider the two savings plans below. Compare the balances in each plan after 8 years. Which person deposited more money in the plan? Which of
Consider the two savings plans below. Compare the balances in each plan after 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. Avery deposits $ per month in an account with an APR of while Devon deposits $ at the end of each year in an account with an APR of The balance in Avery's saving plan after years was $Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.
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