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You are considering two investment options. Option A offers an annual interest rate of 5% compounded quarterly, while Option B offers an annual interest rate
You are considering two investment options. Option A offers an annual interest rate of 5% compounded quarterly, while Option B offers an annual interest rate of 4.8% compounded monthly. If you invest $10,000 in each option for 5 years, which option will yield the higher amount at the end of the 5-year period, and by how much? Assume that the interest is compounded monthly.
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