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v Bank A pays ( 4 % ) interest compounded annually on deposits, while Bank B pays ( 3.25 % ) compounded daily. a. Based
v Bank A pays \( 4 \% \) interest compounded annually on deposits, while Bank B pays \( 3.25 \% \) compounded daily. a. Based on the EAR (or EFF96), which bank should you use? 1. You would choose Bank A 2 answers
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
