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AFM2 F.2.032. MY NOTES ASK YOUR TEACHER PRACTICE A advertises a nominal rate of 6.41% compounded semiannually. A second bank advertises a nominal rate

AFM2 F.2.032. MY NOTES ASK YOUR TEACHER PRACTICE A advertises a nominal rate of 6.41% compounded semiannually. A second bank advertises a nominal rate of 6.37% compounded daily. What are the effective yields? (Round your ans two decimal places.) first bank 0.07 * % second bank 6.54 X % In which bank would you deposit your money? Ofirst bank second bank

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