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Find out which of the following investments is larger and the amount difference after 28 years. 5,000 is deposited annually and earns 5% interest compounded

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

  1. 5,000 is deposited annually and earns 5% interest compounded daily.
  2. 400 is deposited monthly and earns 5% interest compounded monthly.

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