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You wish to deposit $100,000 into your local bank for one year. Bank A is offering a rate of 12% per year. Bank B is
You wish to deposit $100,000 into your local bank for one year. Bank A is offering a rate of 12% per year. Bank B is offering a rate of 1% per month. How much more money will you have after one year if you left your money with Bank B?
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