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Based on Effective interest rates, would you prefer to deposit your money into springfield national bank, whick pays 6.5 percent interest, compounded annually or into

Based on Effective interest rates, would you prefer to deposit your money into springfield national bank, whick pays 6.5 percent interest, compounded annually or into Burns National Bank, which pays 6.3 percent compounded quarterly? Calculate the EAR on each account

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