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Question 13 (6 points) Wings Golf Club is saving for a new club house and has $25,000 that it wants to invest for 10 years.
Question 13 (6 points) Wings Golf Club is saving for a new club house and has $25,000 that it wants to invest for 10 years. Wings can invest this amount at the local credit union and earn 4.1% simple interest. Or, it can invest in a money market through a financial advisor and earn 5.3% interest, compounded annually. Which institution should Wings invest its money to maximize the earnings potential? A How much more interest will Wings earn by investing in this institution? A
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