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If you invest $56000 to earn 8% interest, which of the following compounding approaches would return the lowest amount after one year? Use factor tables:

If you invest $56000 to earn 8% interest, which of the following compounding approaches would return the lowest amount after one year? Use factor tables: Table 6.1, Table 6.2, Table 6.3, Table 6.4, Table 6.5.

A. Monthly.

B. Annually.

C. Quarterly.

D. Daily.

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