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The landlord's current bank offers a 1 - year certificate of deposit account paying 2 % compounded semiannually. A competitor bank is also offering 2
The landlord's current bank offers ayear certificate of deposit account paying compounded semiannually. A competitor bank is also offering but compounded daily. If the landlord invests the $ how much more money will the landlord have in the second bank after one year, due to the daily compounding?
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