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You have two opportunities to invest $5,000 for 10 years: The first provides a yield of 8% annually, compounded quarterly. The second provides a yield

You have two opportunities to invest $5,000 for 10 years:

The first provides a yield of 8% annually, compounded quarterly.

The second provides a yield of 8.5% annually, compounded annually.

Which of these investments provides the highest returns? By how much?

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