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Please show work, preferably in Excelk. Five banks offer nominal rates of 6% on deposits, but A paysinterest annually, B pays semiannually, C pays quarterly,
Please show work, preferably in Excelk. Five banks offer nominal rates of 6% on deposits, but A paysinterest annually, B pays semiannually, C pays quarterly, D paysmonthly, and E pays daily. Assume 2 answers
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