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K return MACALLY N M shift Eng cma opt alt win control 3. You want to invest your savings, and the banker introduced the following
K return MACALLY N M shift Eng cma opt alt win control 3. You want to invest your savings, and the banker introduced the following three accounts to choose from a) 2.05% compounded continuously b) 2.15% compounded weekly c) 2.20% compounded semiannually What is the effective interest rate for all these three accounts above? And determine which account will yield the highest return. Which account do you want to invest? Justify your answer. 1 = 2 - 100 1 = F - P 100 P - 100 10 0 ( 1+
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