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Sophia is looking into 2 investment plans, namely P and Q . Plan P involves setting aside $ 5 0 0 at the beginning of

Sophia is looking into 2 investment plans, namely P and Q. Plan P involves setting
aside $500 at the beginning of every quarter for 10 years. Plan Q requires an
amount of $ 250 at the beginning of each quarter for 20 years. If the rate of
return is 12% a year compounded quarterly, which plan provides a higher future
value?

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