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1. You are trying to decide which bank is best for you. ABC pays 8% compounded quarterly. XYZ pays 7.9% compounded monthly. Conclusion: Time value

1. You are trying to decide which bank is best for you.

ABC pays 8% compounded quarterly.

XYZ pays 7.9% compounded monthly.

Conclusion:

Time value of money question. If you can please show step by step.

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