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Question 4 4 pts You recently came into some money from an error in Arkham bank. You decide to be prudent with the money, and
Question 4 4 pts You recently came into some money from an error in Arkham bank. You decide to be prudent with the money, and invest it into a savings account. Arkham bank offers you a savings rate of 4% compounded daily. You, being a savvy consumer, know that across the bay there is Lexcorp Bank that will offer a savings rate of 4.02% compounded every month, so you bring this up. Arkham Bank, not wanting to lose a customer, decides to double that rate to 4.04% compounded every half-year. Feeling satisfied, you sign the contract with Arkham, deposit your money, and leave. Was this a good deal for you? Why? Answer this question as a Yes or No statement with an explanation. Grading Scale: Setup (Bank 1): 1.00 point Setup (Bank 2): 1.00 point Calculations: 0.50 points each Answer: 0.25 points each Statement: 0.50 points HTML Editora
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