Which investment should you choose to receive most interest

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You have $10,000 that you plan to invest in a compound-interest bearing interest. Your investment agent advises you that you can invest the $10,000 at 8% compounded quarterly for three years or you can invest it at 8 ¼ % compounded annually for three years. Which investment should you choose to receive the most interest? Show your work for calculating the interest for both options.

Reference no: EM13301331

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