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You want to invest some money. You do some research and find that 2 different financial institutions are suited to your investment needs. Bank A
You want to invest some money. You do some research and find that 2 different financial institutions are suited to your investment needs.
Bank A offers an interest rate of 8.8% compounded quarterly.
Bank B offers an interest rate of 9.0% compounded annually.
Apply mathematic reasoning to state which bank will give you a better return for your money.
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