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You would like to invest $25,600 for one year and are considering two options. Investment A will earn interest at a rate of 8 percent

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You would like to invest $25,600 for one year and are considering two options. Investment A will earn interest at a rate of 8 percent compounded monthly. Investment B will earn interest at a rate of 9 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 amount. 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 amount. c. Which investment would you prefer solely based on the value of investment

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