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You have a sum of $10,000 available for investments. You are offered two options: Deposit the sum in a bank for 3 years. with an
You have a sum of $10,000 available for investments. You are offered two options: Deposit the sum in a bank for 3 years. with an interest rate of 10% compounded annually The bank is also prepared to take on any additional investments at the same rate at and time for the next 3 years. Invest the $10.000 in a project with an annual return of $4200. The project life is 3 years. Which option is preferred'' Explain your
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