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Bank A pays a 8.25% per year, compounded semi-annually, on time deposits. Bank B pays a 8.00% per year, compounded monthly, on time deposits. What
Bank A pays a 8.25% per year, compounded semi-annually, on time deposits. Bank B pays a 8.00% per year, compounded monthly, on time deposits. What is the EARs for Bank A and Bank B? In which bank would you prefer to deposit your money? O A 8.30%;8.42%;Bank B OB. 8.42%;8.30%;Bank A C. 8.32%;8.35%;Bank A D.8.32%;8.35%;Bank B
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