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OpenStudy (anonymous):
You invest $6000 into an account paying 3.75% annual interest compounded bimonthly (every other month), and you want to have $10,000 saved for your first year of college. You have a choice to invest your money into an account paying 3.5% annual interest, compounded continuously. Should you choose this compounded continuously account over the other one? Explain your reasoning.
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OpenStudy (anonymous):
any ideas saljudieh?
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