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Question 27 Sami plans to open a saving account in Amman City. The 4 banks offers the following rates: Bank (1) offers 3% per annum
Question 27 Sami plans to open a saving account in Amman City. The 4 banks offers the following rates: Bank (1) offers 3% per annum compounded semi-annually -Bank (2) offers 3% per annum compounded monthly -Bank (3) offers 3% per annum compounded daily - Bank (4) offers 3% per annum compounded quarterly If you were Sami, which bank will offer you the best plan? Bank (4) offers 3% per annum compounded quarterly Bank (3) offers 3% per annum compounded daily Bank (2) offers 3% per annum compounded monthly Bank (1) offers 3% per annum compounded semi-annually
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