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7 You want to open a savings account and you have 3 choices: 1) a saving account that pays interest of 22% compounded quarterly on

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7 You want to open a savings account and you have 3 choices: 1) a saving account that pays interest of 22% compounded quarterly on other words, it offers an APR-72%, compounded quarterly), 2) a saving account that pays interest of 6.8% compounded monthly and 3) a saving account that pays Interest of 7% continuously compounded Which one do you prefer? Show your calculation steps and keep two decimal places 201 Short Answer Toolbaton A 2

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