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Jaz is offered two investments, each costing $1000. The first will pay 6.4% interest per year compounded quarterly. The second will pay 8% simple interest.

Jaz is offered two investments, each costing $1000. The first will pay 6.4% interest per year compounded quarterly. The second will pay 8% simple interest. How much will each be worth at the end of 6.5 years and which should she choose over that time period

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