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You have money to invest in interest-earning deposits. Deposits at your bank pay 3.5% compounded semi-annually. Deposits at a local trust company pay 3.625% compounded

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You have money to invest in interest-earning deposits. Deposits at your bank pay 3.5% compounded semi-annually. Deposits at a local trust company pay 3.625% compounded annually, and deposits at a credit union pay 3.45% compounded monthly. Which institution offers the best rate of interest for your deposh? Calculation for each 3 is 3 points plus 'I point for conclusion. f: (l + i)'\" l * 10 poir

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