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Explain which method results in more money after 2

Larry and Peggy are making decisions about their bank accounts. Larry wants to deposit $350 as a principle amount, with an interest of 4% compounded quarterly. Peggy wants to deposit $350 as the principle amount, with an interest of 6% compounded monthly. Explain which method results in more money after 2 years.

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Mathematics: Explain which method results in more money after 2

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Mathematics: Explain which method results in more money after 2

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