Question: Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4 for table or Examples 5 through 7 for

Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4 for table or Examples 5 through 7 for formulas.
You have $8,000 that you plan to invest in a bearing instrument. Your investment agent advises you that you can invest the $8,000 at 8% compounded quarterly for three years or you can invest the $8,000 at 8 ¼% compounded annually for three years. Which investment should you choose to receive the most interest? See Example 8.

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