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Savings account 1 pays an APR of 9.00%, with daily compounding. Savings account 2 pays an APR of 9.20% with semi-annual compounding. Which savings account
Savings account 1 pays an APR of 9.00%, with daily compounding. Savings account 2 pays an APR of 9.20% with semi-annual compounding.
Which savings account should you use?
A.
Both accounts |
B.
Account 2 |
C.
Account with the highest APR |
D.
Account 1 |
E.
None of the above |
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