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You have $500 in an account which pays 6% interest compounded annually and $500 in an account which pays 6% compounded semi-annually. Which account do

You have $500 in an account which pays 6% interest compounded annually and $500 in an account which pays 6% compounded semi-annually. Which account do you prefer (use the EAR formula to prove your conclusion)? How much additional interest would you earn over four years in your preferred account?

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