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Two different $1,000 investments are made. One is put into an account earning 8% per annum compounded annually. Another is put into an account

 

Two different $1,000 investments are made. One is put into an account earning 8% per annum compounded annually. Another is put into an account earning 7.8% per annum compounded monthly. Compare the instantaneous rates of change 10 years after the initial deposit?

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Initial value 1000 T 10 YEARS So for 1st case future value at 8 compounding FV 10001008 ... blur-text-image

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