Which of the following interest rates would have a higher effective interest rate: 6.00 % compounded daily

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Which of the following interest rates would have a higher effective interest rate: 6.00 % compounded daily or 6.09% compounded monthly?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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