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Gregory may choose between 2 accounts in which to invest $5000. Account A offers 2.3% annual interest compounded

monthly. Account B offers continuous compound interest. Greg plans to leave his investment untouched. No further deposits and no withdrawals for 10 years. Which account will yield the greater balance at the end of 10 years? How much money does Greg earn by choosing this profitable account?

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Account B yield greater balance at the end... View the full answer

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