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Which of the following bank accounts has the lowest effective annual return? O An account that pays 8.2% nominal interest with annual compounding. O An

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Which of the following bank accounts has the lowest effective annual return? O An account that pays 8.2% nominal interest with annual compounding. O An account that pays 7% nominal interest with monthly compounding. O An account that pays 7.0% nominal interest with daily (365-day) compounding. O An account that pays 7.2% nominal interest with annual compounding. O An account that pays 8.0% nominal interest with monthly compounding

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