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Bank A offers a nominal annual interest rate of 6% compounded daily, while bank B offers continuous compounding at a 5.75% nominal annual rate. if

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Bank A offers a nominal annual interest rate of 6% compounded daily, while bank B offers continuous compounding at a 5.75% nominal annual rate. if you deposit $15,000 with which bank what will be the difference in the two bank account balances after two years? You have a habit of drinking a cup of Starbucks Frappuccino ($ 5.7S a cup) on the way to work every morning. If Instead you put the money in the bank for 30 years, how much would you have at the end of that time, assuming that your account earns 6% interest compounded dally? Assume that you drink the Frappuccino every day Including weekends

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