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Suppose you have $2 million in a two year account paying 6% nominal rate compounded annually. Another bank offers you an account for two years

Suppose you have $2 million in a two year account paying 6% nominal rate compounded annually. Another bank offers you an account for two years paying a 6% nominal rate, but compounded bi monthly (that is, 6 times a year). If you move your account, how much additional interest will you earn over the two years?

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