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17. Which of the following bank accounts has the highest effective annual return? jooj An account that pays 9% nominal interest with monthly compounding. An

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17. Which of the following bank accounts has the highest effective annual return? jooj An account that pays 9% nominal interest with monthly compounding. An account that pays 9% nominal interest with annual compounding. An account that pays 8% nominal interest with daily compounding. An account that pays 8% nominal interest with monthly compounding. An account that pays 9% nominal interest with daily compounding

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