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Which investment type should the investor choose

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An investor can make an investment of $10,000 into a money market account that pays a weekly simple interest rate of 1.75% over a 40-week period. He can also make invest the $10,000 in a bank account earning 6% per month compounded weekly over the same 40-week period. Which investment type should the investor choose? (Clue: there are four weeks in a month.)

Reference no: EM132501134

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