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Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account.

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Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.040%, a weekly compounded rate of 0.285%, a monthly compounded rate of 1.35%, a quarterly compounded rater of 4.25%, a semiannually compounded rate of 8.5%, or an annually compounded rate of 14%

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