Which account has the highest effective annual interest rate?
A.
Account 1: Inter...
Mathematics, 08.04.2020 04:32 ronaa
Which account has the highest effective annual interest rate?
A.
Account 1: Interest is compounded quarterly at an annual rate of 4.20%.
B.
Account 2: Interest is compounded monthly at an annual rate of 4.15%.
C.
Account 3: Interest is compounded semiannually at an annual rate of 4.10%
D.
Account 4: Interest is compounded annually at a rate of 4.25%.
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Answers: 1
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