Monica wants to have $1000 in 10 years. Monica plans on making no deposits or...
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Finance
Monica wants to have $1000 in 10 years. Monica plans on making no deposits or withdrawals. The following are the choices in which she can invest:
A savings account earning 3.6% compounding quarterly.
A checking account earning 1.3% compounded weekly.
A money market account earning 2.5% compounded monthly.
Explain which choice Monica should choose.
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