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You are given a choice of investing at 2 . 9 percent compounded semiannually or 2 . 8 5 percent compounded quarterly. Which of these
You are given a choice of investing at percent compounded semiannually or percent compounded quarterly. Which of these choices will give you a better rate of return?
A Compounding semiannually
B Compounding quarterly
Cannot be determined from the information
D Same rate for both
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