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Mathematics, 12.03.2021 19:40 erikagibson3414

You have a choice of two accounts in which to invest your money for one year. Account A pays 6.8% simple interest rate and account B pays 6% interest compounded monthly. Compute the effective annual yield of account B and determine which account has the better rate.

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You have a choice of two accounts in which to invest your money for one year. Account A pays 6.8% si...
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