Question: After thinking about the previous plans, Ms. Francine decided that waiting for 8 years was too long. Please, calculate the following two options and indicate

After thinking about the previous plans, Ms. Francine decided that waiting for 8 years was too long. Please, calculate the following two options and indicate which of them would be more interesting. Please show your workings for each option. The amount of savings is 92 600$

a) Putting all her savings in an account for 6 years at an annual interest rate of 7% compounded quarterly, then selling her small flat for $60,000 and summing it up her amount of savings.

b) Putting all her savings in an account for 3 years at an annual interest rate of 9% compounded semiannually, and investing the total savings at that time for 3 more years at a 10% compounded monthly.

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