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12. Problem You are comparing two savings accounts. Account A has an APR of 2.34 percent and an EAR of 12.26 percent. Account B has
12. Problem You are comparing two savings accounts. Account A has an APR of 2.34 percent and an EAR of 12.26 percent. Account B has an APR of 0.97 percent and an EAR of 4.95 percent. Given this, you should invest in account: (a) In B, because it has the higher APR. (b) In A, because it has the higher EAR. (c) In B, because it has the lower EAR (d) In A, because it has the lower APR
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