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AlgebraQ&A Library29. Comparing Investments Russ, who is self-employed, wants to invest $60,000 in a pension plan. One investment offers 3% compounded quarterly. Another offers 2.75% compounded continuously.(a) Which investment will earn more interest in 5 yr?(b) How much more will the better plan earn?Question

29. Comparing Investments Russ, who is self-employed, wants to invest $60,000 in

a pension plan. One investment offers 3% compounded quarterly. Another offers

2.75% compounded continuously.

(a) Which investment will earn more interest in 5 yr?

(b) How much more will the better plan earn?

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