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Suppose you have only $4,000 available with two investment opportunities. Option 1 is $4,000 can be invested for 4 years and 8 months at 3.83%

Suppose you have only $4,000 available with two investment opportunities. Option 1 is $4,000 can be invested for 4 years and 8 months at 3.83% compounded annually. However, option 2 provides that the same amount could also be invested for the same term at 3.79% compounded daily. Which option you should take?

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