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PLEASE SHOW ON EXCEL AND FUNCTIONS You are looking at three savings accounts. Account 1 pays 5.25%, with daily compounding, account 2 pays 5.3% with
PLEASE SHOW ON EXCEL AND FUNCTIONS
- You are looking at three savings accounts. Account 1 pays 5.25%, with daily compounding, account 2 pays 5.3% with semiannual compounding, and account 3 pays 5.24% with continues compounding. What is the effective annual rate for each of the three accounts?
(Your answers must be formatted as percentages with two decimal places)
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
