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How much more would you earn in the first investment than in the second investment? $48,000 invested for 40 years at 12% compounded annually $48,000

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How much more would you earn in the first investment than in the second investment? $48,000 invested for 40 years at 12% compounded annually $48,000 invested for 40 years at 6% compounded monthly You would earn $ more on the first investment than in the second investment. (Round to the nearest dollar as needed.)

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