## Math Problem Statement

Beverley plans to invest 675$ in a GIC for 2 years. She has researched two plans: Plan A offers 5.9% an interest compounded semi-annually(x2). Plan B offers 5.75% an interest compounded monthly(x12). In which plan should Beverley invest to earn the most?

## Solution

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## Math Problem Analysis

### Mathematical Concepts

Compound Interest

Investment Comparison

Exponential Growth

### Formulas

A = P (1 + r/n)^(nt)

A_A = 675 (1 + 0.059/2)^4

A_B = 675 (1 + 0.0575/12)^24

### Theorems

Compound Interest Theorem

### Suitable Grade Level

Grades 10-12

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