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There is a small-farm business that earns at a rate of 10% compounded monthly and an animal-business which earns at a rate of 10.2% compounded
There is a small-farm business that earns at a rate of 10% compounded monthly and an animal-business which earns at a rate of 10.2% compounded semi-annually. If you could only invest your P50,000 in one of the businesses and withdraw your money after 3 years, which option would give you the highest return?
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