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Mathematics, 03.03.2021 16:50 suevazpue

Frank goes to his local bank to inquire about investment plans. The bank offers two different plans. Plan Y: This plan offers a fixed return of 6.5% annually on the initial investment. Plan Z: This plan offers a return of 6% on the initial amount, compounded annually. If Frank invests $1,000 for six years, which plan would offer him better returns?

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