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18. The interest rates that the Global Bank pays for different compounding frequencies are presented below. Assume that your investment horizon is 1 year. (1
18. The interest rates that the Global Bank pays for different compounding frequencies are presented below. Assume that your investment horizon is 1 year. (1 year = 360 days = 52 weeks) Compounding frequency Annual interest rate Daily 10.80% Weekly 10.60% Monthly 11.00% Quarterly 11.20% Which alternative will provide you the largest sum of money at the end of your investment horizon Show all the necessary calculations
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