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Which of the following investments is larger? A) $6,000 is deposited annually for 10 years and earns 6.5% interest compounded annually. B) $200 is deposited
Which of the following investments is larger?
A) $6,000 is deposited annually for 10 years and earns 6.5% interest compounded annually.
B) $200 is deposited annually for 20 years and earns 6.5% interest compounded monthly
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