You have $500 that you would like to invest for one year. You have 2...
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Accounting
You have $500 that you would like to invest for one year. You have 2 choices: savings account A which earns 8.3% compound annually or savings account B which earns 8% compounded semi-annually. Which would you choose?
A. Savings Account A
B. Savings Account B
C. You are indifferent between Savings Account A and Savings Account B
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