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You and your finance-major friend are debating how much compounding impacts an investment in one year. If you have $10,000, what is the difference if
You and your finance-major friend are debating how much compounding impacts an investment in one year. If you have $10,000, what is the difference if your investment earns 8%, compounded daily, versus 8%, compounded semi-annually?
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$12.48
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$20.73
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$19.36
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$13.86
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$16.78
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