Mathematics, 24.07.2020 06:01 treytonmesser
Which account has the highest effective annual interest rate? Account 1: Interest is compounded quarterly at an annual rate of 4.20%. Account 2: Interest is compounded monthly at an annual rate of 4.15%. Account 3: Interest is compounded semiannually at an annual rate of 4.10% Account 4: Interest is compounded annually at a rate of 4.25%.
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Which account has the highest effective annual interest rate? Account 1: Interest is compounded quar...
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