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please help me answer this! thanks geniuses! b. Your bank offers two savings accounts. The first pays an interest rate of 2% with monthly compounding.

please help me answer this! thanks geniuses! image text in transcribed
b. Your bank offers two savings accounts. The first pays an interest rate of 2% with monthly compounding. The second pays an interest rate equal to the inflation rate plus 1% compounded quarterly. Discuss how you would go about choosing between the two accounts. Illustrate your answer with a numerical example assuming three different rates of inflation. Keep four decimals in your calculations

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