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You are planning to save your money at a commercial bank for a year time. HSBC is offering 7% compounded semi-annually and ibank is offering

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You are planning to save your money at a commercial bank for a year time. HSBC is offering 7% compounded semi-annually and ibank is offering 6% monthly compounded deposits. Which bank should you prefer? Select one: a.HSBC b.neither c.isbank d.both of them

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