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Daniel has saved 1,000,000 dollars, and that investing in a fund whose purpose is to pay for the university education of his daughter Juanita, just

Daniel has saved 1,000,000 dollars, and that investing in a fund whose purpose is to pay for the university education of his daughter Juanita, just born. Find three options on the market: Option 1: 12% effective annual compound interest. Option 2: 13% compound annual interest compounded semi-annually. Option 3: 12.5% compound annual interest compounded monthly. A) construct the mathematical model for each option and indicate their units. B) analyze which of the options would be more convenient for Daniel if he will withdraw his savings 18 years from when Juanita entered college.

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