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Person A deposits $2850 in an account that pays 7% interest compounded once a year. Person B deposits $2400 in an account that pays 8%

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Person A deposits $2850 in an account that pays 7% interest compounded once a year. Person B deposits $2400 in an account that pays 8% interest compounded monthly. Complete parts (a) through (c) below Click the icon to view some finance formulas. a. Who will have mors money in their account after one year? How much more? Select the correct choice below and fill in the answer box within your choice. (Round to the nearest dollar as needed.) A. Person A will have: more than Person B. B. Person B will have S more than Person A

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