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Answer all blanks please Rounding your answers to THREE decimal places, determine the effective and the equivalent semiannually compounded nominal rate for each institution and

Answer all blanks please
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Rounding your answers to THREE decimal places, determine the effective and the equivalent semiannually compounded nominal rate for each institution and determine which rate is preferable for_investing_ money. A) Bank A offers 8.079% compounded daily. Effective rate = Equivalent semiannually compounded nominal rate = A B) Bank B offers 8.158% compounded quarterly. Effective rate = A Equivalent semiannually compounded nominal rate = Which bank would you choose? Type A or B

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