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Devin decided on her 2 5 th birthday to begin saving for her retirement and asked her bank advisor for options. Below are the options
Devin decided on her th birthday to begin saving for her retirement and asked her bank advisor
for options. Below are the options for her.
Option A: At the end of each year, Devin deposits $ into an investment that pays interest
per year compounded annually.
Option B: At the end of each month, Devin deposits $ into an investment that Determine the amount of money Devin will have when she turns years old for each
option pays per
year compounded monthly
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