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us.bbcollab.com W + of Columbia Blackboard Collaborate Ultra Busin... 'asses - Tue - Bb Collaborate Decisions, Decisions II You are looking at two savings accounts.

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us.bbcollab.com W + of Columbia Blackboard Collaborate Ultra Busin... 'asses - Tue - Bb Collaborate Decisions, Decisions II You are looking at two savings accounts. One pays 5.25%, with daily compounding. The other pays 5.3% with semiannual compounding. Which account should you use? First account: EAR = (1 +.0525/365)365 1 = 5.39% Second account: - EAR = (1 +.053/2)2 - 1 = 5.37% Which account should you choose and why? FINA314Chapter 5-2.pptx (36/45) Tih Koon Tan

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