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Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded quarterly. Account

Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded quarterly. Account B has an annual percentage rate of 7.50 percent with interest compounded daily. Which account provides the highest effective annual return?

Account A

Account B

Both provide the same effective annual return.

We don't have sufficient information to make a choice.

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