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What earns more, an APR of 3.5% compounded monthly for 1 year, or an APR of 3.25% compounded daily for 1 year? Assume the same
What earns more, an APR of 3.5% compounded monthly for 1 year, or an APR of 3.25% compounded daily for 1 year? Assume the same principal for both.
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To compare the earnings we can use the formula for compound interest A P1 rnightnt where A is the fi...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
