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A certificate of deposit (CD) is an agreement between a bank and a saver in which the bank guarantees an interest rate and the saver
A certificate of deposit (CD) is an agreement between a bank and a saver in which the bank guarantees an interest rate and the saver commits to leaving his or her deposit in the account for an agreed-upon period of time. First National Bank offers two-year CDs at 9.17% compounded daily, and Citywide Savings offers two year cos at 9.189 compounded quarterly, Compute the annual yield for each Institution. (Round your answers to two decimal places) FIB Determine which is more advantageous for the consumer. Citywide Savings has the better offer
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