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You are considering opening an account at a local bank, your choices are Bank A or Bank B . Bank A offers 5 % annual

You are considering opening an account at a local bank, your choices are Bank A or Bank B. Bank A offers 5% annual rate (APR), compounded monthly. Bank B offers 4.75% annual rate (APR), compounded daily (assume a 365 days per year). Which offer is better (i.e. maximizes your return for every $1 invested)?(pick the best answer)
Group of answer choices
Bank A
Bank B
It makes no difference, both are the same
Neither, it is better to keep your savings under your mattress

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