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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 annual rate APR compounded monthly. Bank B offers annual rate APR compounded daily assume a days per year Which offer is better ie maximizes your return for every $ investedpick the best answer
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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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