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Peter is considering the following two investments: Investment A pays 14.5 percent a year compounded weekly. Investment B pays 14.8 percent a year compounded semi-annually.

Peter is considering the following two investments: Investment A pays 14.5 percent a year compounded weekly. Investment B pays 14.8 percent a year compounded semi-annually. Compare the interest rates and decide which investment should Peter invest in? Explain your answer.

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