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Find out which of the following investments is larger and the amount difference after 28 years. a) $5000 is deposited annually and earns 5% interest

Find out which of the following investments is larger and the amount difference after 28 years.

a) $5000 is deposited annually and earns 5% interest compounded annually

b) $400 is deposited monthly and earns 5% interest compounded monthly

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