Gary is choosing between two investments. The first investment (Option A) offers 7% annual interest, compounded...
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Gary is choosing between two investments. The first investment (Option A) offers 7% annual interest, compounded quarterly, for 6 years. The second investment (Option B) offers 8% annual interest, compounded continuously, for 5 years. If Gary invested $10,000 into each fund, which fund would give them more money at the end of their investment periods, and by how much? Option A is better, and will yield over $500 more than option B Option B is better, and will yield over $500 more than option A Option A is better, and will yield between $0 and $500 more than option B Option B is better, and will yield between $0 and $500 more than option A Gary is choosing between two investments. The first investment (Option A) offers 7% annual interest, compounded quarterly, for 6 years. The second investment (Option B) offers 8% annual interest, compounded continuously, for 5 years. If Gary invested $10,000 into each fund, which fund would give them more money at the end of their investment periods, and by how much? Option A is better, and will yield over $500 more than option B Option B is better, and will yield over $500 more than option A Option A is better, and will yield between $0 and $500 more than option B Option B is better, and will yield between $0 and $500 more than option A
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