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TERPBank is advertising a savings account that pays 6 . 2 0 % compounded semiannually, while TERPCredit Union is advertising a savings account that pays

TERPBank is advertising a savings account that pays

6.20 %

compounded semiannually, while TERPCredit Union is advertising a savings account that pays

6.15 %

compounded daily. Which account would you choose and why?

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