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The First National Bank offers two-year CDs (saving accounts) at 9.12% compounded daily, and Citywide Saving offers two-year CDs at 9.13% compounded quarterly. Compute the

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The First National Bank offers two-year CDs (saving accounts) at 9.12% compounded daily, and Citywide Saving offers two-year CDs at 9.13% compounded quarterly. Compute the annual yield for each institution and determine which is more advantages for the consumer. Edit View Insert Format Tools Table 12pt Paragraph B I U A RV TV

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