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which of the following bank accounts has the lowest effective annual return? An account that pays 5% nominal interest with daily (365-day) compounding. An account

which of the following bank accounts has the lowest effective annual return?

		An account that pays 5% nominal interest with daily (365-day) compounding.
		An account that pays 6% nominal interest with monthly compounding.
		An account that pays 5% nominal interest with quarterly compounding.
		An account that pays 6% nominal interest with annual compounding.

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