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9 August, 13:54

Scenario One: Frank and Rachelle Facconne wish to invest in a no-risk savings account. They currently have $25,000 in an account bearing % annual interest, compounded continuously. The following options are available to them: a. Keep the money in the account they currently have b. Invest the money in an account bearing % annual interest, compounded annually c. Invest the money in an account bearing % annual interest, compounded quarterly worksheety

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  1. 9 August, 17:39
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    b. Invest the money in an account bearing % annual interest, compounded annually.
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