Anita, Louise, and Mary have just graduated from college and have started their first jobs. They are convinced that they should each have a regular, long-term savings plan. Each one invests in an annuity. Anita will invest $25 each month in an annuity that pays 5.7% interest compounded monthly. Louise will invest $75 each quarter in annuity that pays 5.8% compounded quarterly. Mary will invest $300 each year in an annuity that pays 5.9% compounded annually. Thus, all three invest the same amount each year. Compare the

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