Compare the investment below to an investment of the same principal at the same rate compounded annually.
​principal: ​$5 comma 000​, annual​ interest: 3​%, interest​ periods: 2 ​, number of​ years: 18
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Part 1
After 18 ​years, the investment compounded periodically will be worth ​$
  
enter your response here more than the investment compounded annually.
​(Round to two decimal places as​ needed.)