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Which investment is preferable and why

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Question: A customer can deposit $1000 in an investment earning an APR of 20% with quarterly compounding, or an investment earning an APR of 21% with annual compounding. All else the same, which investment is preferable? Why? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131965196

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