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Which of the following investments would make you better off? Briefly explain your answer. (i) A bank deposit that pays interests at the end of

Which of the following investments would make you better off? Briefly explain your answer.

(i) A bank deposit that pays interests at the end of every six months, based on an annual rate of 5% per annum.

(ii) A bank deposit that pays interest at the end of each month, based on an annual rate of 4.8% per annum.

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