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7) Bank A pays 4,5 percent interest: compoun semiannuall y, on deposits, while Bank B pays 415 percent, compounded daily. a. What is the effective

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7) Bank A pays 4,5 percent interest: compoun semiannuall y, on deposits, while Bank B pays 415 percent, compounded daily. a. What is the effective rate offered by Bank By Bank B? Which bank should

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