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You have two accounts with the following characteristics. Which has a lower interest rate? ...

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Finance

You have two accounts with the following characteristics. Which has a lower interest rate?

  1. You invested $11,000 and would wind up with 14000 after 5 years. This account was compounded 50 times a year.

  2. you invested $10,501 13000 after four years. This account was compounded continuously.

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