Fred invests 1200 at a nominal rate of 4.8% compounded monthly. After one year, his...
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Fred invests 1200 at a nominal rate of 4.8% compounded monthly. After one year, his balance is X. Jane invests 1200 at a nominal rate of 4.8% compounded annually. After one year, her balance is Y. Sam invests 1200 at a continuous force of interest of 4.8%. After one year, his balance is Z. Which of the following is true? O X
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