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    Exam 8: Compound Interest: Future Value and Present Value
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    An Investor Has a Choice of Two Investments, the First
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An Investor Has a Choice of Two Investments, the First

Question 267

Question 267

Short Answer

An investor has a choice of two investments, the first for 5.5% compounded daily, and the second for 5.65% pa. Which rate should the investor choose?

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