How much more would you earn in the first investment than the second investment? $49,000 invested for 50 years at 14% compound annually. $49,000 invested for 50 years at 7% compounded monthly. You would earn $_ more on the first investment then the second investment.

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A: Introduction: The formula of compound interest is given by, A=P1+rnnt Where A is the final amount, P…

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A: I have appended the formula used in the solution procedure

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