Consider the following investment options.Option 1: invest $3000 for 8 years at 6% compound annuallyOption...
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Consider the following investment options.Option 1: invest $3000 for 8 years at 6% compound annuallyOption 2: invest $3000 for 8 years compounded continuously at 5%How much will each investment be worth after 8 years? (Round your answers to the nearest cent.)Option 1 $Option 2 $Which investment will earn more money?O Option 1Option 2
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