ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Given an investment of $1, 500:Which investment would have a larger balance if option 1 was for 23 years compounded quarterly, and option 2 was for 24 years compounded semi annually?Option 1-4% compounded Option 2-3.9% compounded
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Option 1
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Option 2
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Either A or B
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None of the above
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Explanation:
There is 1 question to complete.