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Which offers a higher effective rate for a savings account? Bank A offers 3% compounded monthly. Bank B offers 3.25% compounded quarterly.
Which offers a higher effective rate for a savings account? Bank A offers 3% compounded monthly. Bank B offers 3.25% compounded quarterly.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
