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Question 5 (10 points) Saved Which of the following interest rates would produce higher returns on a yearly basis? 2-1/4% compounded quarterly 2-1/4 % compounded
Question 5 (10 points) Saved Which of the following interest rates would produce higher returns on a yearly basis? 2-1/4% compounded quarterly 2-1/4 % compounded monthly 2-3/8% compounded annually 2-1/8 compounded continuously
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