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An employee wants to invest 60 000 in a pension plan One investment offers 4...

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Basic Math

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An employee wants to invest 60 000 in a pension plan One investment offers 4 compounded quarterly Another offers 3 25 compounded continuously a Which investment will earn more interest in 4 yr b How much more will the better plan earn a After 4 years the 4 compounded quarterly plan will earn more interest b The better plan will eam more Round to the nearest cent as needed

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