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Given a 1,000,000 investment for four years with a stated annual rate of 3% compounded continuously, the difference in its interest earnings compared with the

Given a 1,000,000 investment for four years with a stated annual rate of 3% compounded continuously, the difference in its interest earnings compared with the same investment compounded daily is closest to:

  1. 1.

  2. 6.

  3. 455.

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