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E. Mary Watson has $50,000 to invest in a 4-year certificate of deposit that earns interest at a rate of 3.75% compounded monthly or

E. Mary Watson has $50,000 to invest in a 4-year certificate of deposit that earns interest at a rate of 3.75% compounded monthly or 3.50% compounded daily. Based on annual yield, which is the better investment?

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