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Two standard savings accounts, A and B, have an AER of 3%. Account A pays interest every quarter, and Account B every month. Work out
Two standard savings accounts, A and B, have an AER of 3%. Account A pays interest every quarter, and Account B every month. Work out whether the interest paid at the end of the year is higher for Account A, for Account B or the same for both accounts, assuming the same amount was invested in each account initially.
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