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Having great deal of trouble with this one, Pleas show your work Comparing Interest Rates Suppose you have two investment opportunities. You can invest $10000
Having great deal of trouble with this one, Pleas show your work
Comparing Interest Rates Suppose you have two investment opportunities. You can invest $10000 at 11% compounded monthly, or you can invest $9700 at 11.25% compounded quarterly, which has the better effective rate of interest? which is the better investment over 20 years? (6 marks)
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