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Would a depositor prefer an APR of 8% with monthly compounding or an APR of 8.5% with semiannual compounding? 8.0% with monthly compounding The depositor
Would a depositor prefer an APR of 8% with monthly compounding or an APR of 8.5% with semiannual compounding?
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8.0% with monthly compounding
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The depositor would be indifferent.
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The time period must be known to select the preferred account.
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8.5% with semiannual compounding
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