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You are considering three options for investing $10,000: at 7% compounded a nnually, at 6% compounded monthly, and at 5% compounded continuously (a) Which option
You are considering three options for investing $10,000: at 7% compounded a nnually, at 6% compounded monthly, and at 5% compounded continuously
(a) Which option would be the best for investing $10,000 for 8 years? (b) How long would you need to invest your money for the third option to be the best?
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