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Business, 29.10.2019 01:31 adamflex

Which of the following bank accounts has the highest effective annual return? an account that pays 8% nominal interest with daily (365-day) compounding. an account that pays 8% nominal interest with monthly compounding. an account that pays 8% nominal interest with annual compounding. an account that pays 7% nominal interest with daily (365-day) compounding. an account that pays 7% nominal interest with monthly compounding.

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