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Part 1-- The process of discounting and compounding are related. Please explain this relationship. Part 2--Suppose you were considering depositing your savings in one of

Part 1-- The process of discounting and compounding are related. Please explain this relationship.

Part 2--Suppose you were considering depositing your savings in one of three banks, all of which pay 5 percent interest. Bank A compounds annually and Bank B compounds semiannually. What bank would you chose? Please explain why?

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