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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?

  • $12.48

  • $20.73

  • $19.36

  • $13.86

  • $16.78

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