Provide an appropriate response.Bob tells you that the following two investment options are equivalent: 1) Having $18,554.47 and investing it at 8% compounded quarterly for 10 years. 2) Getting $200 each month for 10 years and investing it at 10% compounded monthly. What does Bob mean?

What will be an ideal response?


The accumulated value in 10 years for both options is the same; $40,969.

Mathematics

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