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Suppose businessman invests $100 at the rate of 10% compounded annually. He has two options to invest $100 at the beginning or the end of

Suppose businessman invests $100 at the rate of 10% compounded annually. He has two options to invest $100 at the beginning or the end of year.

b. In which investment option businessman will have more money and by how much? (3 marks)

a. Which investment option will receive the most interest and by how much? (3 marks)

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