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You are trying to decide where to open a retirement account. Company A is offering an account with 5.67% interest compounded monthly, and Company Bs
You are trying to decide where to open a retirement account. Company A is offering an account with 5.67% interest compounded monthly, and Company Bs account will give you 5.7% interest compounded semi-annually. Which account gives you a better return at the end of 8 years? Why? (Show your work!)
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