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Please, pick the most convenient alternative of investment with compound interest for a person that is offered the following interest rates by a bank: explain
Please, pick the most convenient alternative of investment with compound interest for a person that is offered the following interest rates by a bank: explain why
1. 1.25% nominal annual interest rate with daily interest payments.
2. 0.5% nominal quarterly interest payments.
3. 0.11% nominal monthly interest payments.
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