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Question 37 (1 point) The Saco Bay Savings Bank pays interest on its savings account compounded daily with a nominal rate of 2.94%. The Nonesuch
Question 37 (1 point) The Saco Bay Savings Bank pays interest on its savings account compounded daily with a nominal rate of 2.94%. The Nonesuch Bank offers a savings account with a nominal rate of 2.9835% but no compounding (within the year). Which savings account is better? Saco Bay Nonesuch Saco Bay = Nonesuch
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