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1) (6 points) Three investment accounts are advertised. Account A offers an APR of 4.19% compounded monthly. Account B offers an APR of 4.27%
1) (6 points) Three investment accounts are advertised. Account A offers an APR of 4.19% compounded monthly. Account B offers an APR of 4.27% compounded quarterly. Account C offers an APR of 4.29% compounded annually. Which one pays the most interest at the end of one year? Explain how you know your answer is correct.
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