Use the compound interest formulas A = P(1 + r/n)nt and A = Pert to solve (Round answers to the nearest cent), Suppose that you have $12,000 to invest. Which investment yields the greater return over 3 years: 7% compounded monthly or 6.85% compounded continuously?

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A: Topic:- compound interest

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Q: Suppose that you have $12,000 to invest. Which investment yields the greater return over 3 years: 7%…

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