Mathematics, 09.11.2020 16:40 bronson62
In 2014, Bank A paid % interest, compounded daily, on a -year CD, while the Bank B paid % compounded quarterly. a. What are the effective rates for the two CDs? Use a 365-day year. b. Suppose $ was invested in each of these accounts. Find the compound amount after for each account.
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In 2014, Bank A paid % interest, compounded daily, on a -year CD, while the Bank B paid % compounded...
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