Use the formulas A = P(1 + r/n)nt and A = Pert to solve this problem. You decide to invest $6000 for 5 years and have a choice between two accounts. The first pays 4% per year compounded monthly. The second pays 3.5% per year compounded continuously. Which is the better investment? By how much? Round to the nearest dollar.

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A: Given Principal amount p = $3500 Interest rate r = 2.75% = 0.0275 Time t = 6 years

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