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Thinking 9. To save for a new car, Latanya has $3000 to invest and has two investment options to choose from as stated below. OPTION

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Thinking 9. To save for a new car, Latanya has $3000 to invest and has two investment options to choose from as stated below. OPTION 1: An account that pays 4.8% per year, compounded monthly, for 3 years. OPTION 2: An account that pays 5.2% per year, compounded semi-annually, for 3 years. Which is the better investment and by how much? [5]

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