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6H) Midwest Bank offers a return of 5% compounded annually for each and every year. The rival BFB offers a return of 3% the first

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6H) Midwest Bank offers a return of 5% compounded annually for each and every year. The rival BFB offers a return of 3% the first year and 7% in the second and subsequent years (both compounded annually). Which bank would you choose to invest in if you decide to invest a principal for a) 2 years; b) 3 years

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