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Bank A advertises a money markot acoount that pays 37 7h compounded quarterly. Bank B advertises a money markat account that pays 3.6% cormpounded daly.

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Bank A advertises a money markot acoount that pays 37 7h compounded quarterly. Bank B advertises a money markat account that pays 3.6% cormpounded daly. a) Deternine the annual percentage yield for bank A sonsey market account. b) Defermine the annual percentage yaid for bank Bs money market accocint. c) Assiaming al other factors are equal, which bank's money makbt account would be the betier incestment? a) Thi annual percentage yleld for the bark A money mainket account is (Round to tho decimal places as needed) b) The annuaf percentage ylild for the bank B nopey market account is (Round to tao decimal places as needed) c) Which bankis menty maket account vould be the betler imestment? Choose the corroch arsarer below: A. Bank A's money market account is the berer investment because the anoual percentage Yold from bank A is less than the annual porcentage jield trom bunk B. F. Either bank is a good irwestreet because the awnoal percentage yeld from bari A is the same as the anoual percent age yield trom bank B

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