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You would like to invest $ 2 7 , 0 0 0 for one year and are considering two options. Investment A will earn interest

You would like to invest $27,000 for one year and are considering two options. Investment A will earn interest at a rate of 6 percent compounded monthly. Investment B will earn interest at a rate of 7 percent compounded annually. (Hint. Consider one year only.)Required:a. What will be the value of Investment A?Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar.b. What will be the value of Investment B?Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar.c. Which investment would you prefer solely based on the value of investment?

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