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Q2: An investor is considering depositing $10,000 and making $400 semi-annual contributions for the next...

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Finance

Q2: An investor is considering depositing $10,000 and making $400 semi-annual contributions for the next five years. If one investment provides 5% compounded monthly and another investment provides 5.2% compounded semi-annually, determine the difference between the two investments. (Show each step: ie., PV, N, I/Y, PMT and FV, time line is not necessary)

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