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Solve the Problem $1250\$ 1250 Is Deposited Annually and Earns 4%4 \%

Question 77

Multiple Choice

Solve the problem.
-Which of the following investments is larger after 20 years?


A) $1250\$ 1250 is deposited annually and earns 4%4 \% interest compounded annually.
B) $100\$ 100 is deposited monthly and earns 4%4 \% interest compounded monthly.

Correct Answer:

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