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Eric is comparing two investments. He will invest the same amount in whichever investment he chooses. The first investrnent (A) olfers a 6% annual return,
Eric is comparing two investments. He will invest the same amount in whichever investment he chooses. The first investrnent (A) olfers a 6% annual return, but it is compounded quarterly. The second investment (B) offers a 5.75% return, but is compounded monthly. If Eric wants to invest $10000, which investment creates more wealth for him after 10 years? Investment A Investment B Both are same Investment A for the first five years followed by Investment B for the remaining five years
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