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Since you are investing, you will invest in an account with higher EAR - First Account PROBLEM 2 First Account Nom= 5.25% c/Y= 365 EAR=

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Since you are investing, you will invest in an account with higher EAR - First Account

PROBLEM 2 First Account Nom= 5.25% c/Y= 365 EAR= First Account 5.30% Nom= c/Y= 2 EAR= Since you are investing, you will invest in an account with higher EAR First Account

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