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QUESTION
Which would you prefer?
Which would you prefer?a. An investment paying interest of 12 percent compounded annually.b. An investment paying interest of 11.7 percent compounded semiannually.c. An investment paying 11.5 percent compounded continuously.Work out the value of each of these investments after 1, 5, and 20 years.
Which would you prefer?a. An investment paying interest of 12 percent compounded annually.b. An investment paying interest of 11.7 percent compounded semiannually.c. An investment paying 11.5...