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First National Bank pays 6.5% annual interest compounded semiannually. Second National Bank pays 5.75% annual interest, compounded monthly. If you invest $1,000 in either of

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First National Bank pays 6.5% annual interest compounded semiannually. Second National Bank pays 5.75% annual interest, compounded monthly. If you invest $1,000 in either of the two banks for a year, how much will you receive back from each of the two banks

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