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How do I determine which equation to use to solve? Future Value? Present Value? Compound Interest? 16. You receive a $36,000 inheritance that you want

image text in transcribed How do I determine which equation to use to solve? Future Value? Present Value? Compound Interest?
16. You receive a $36,000 inheritance that you want to invest. Determine which of the following options is best and explain why (use math evidence to support your conclusion). Option A: Invest the entire $36,000 into an account earning 3% compounded annually for 3 years. Option B: Invest $1,000 each month into an account earning 3% compounded monthly for 3 years

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