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You have a choice between two five-year investments. You can put $1,000 today in Investment A which will earn 4.50% compounded annually or $1,050 into
You have a choice between two five-year investments. You can put $1,000 today in Investment A which will earn 4.50% compounded annually or $1,050 into Investment B at 4.00% compounded annually. At the end of five years, which investment will have a higher balance?
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