You are investigating a savings account that is offered by 2 different banks. Bank A is offering 0.464% interest per mon

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answerhappygod
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You are investigating a savings account that is offered by 2 different banks. Bank A is offering 0.464% interest per mon

Post by answerhappygod »

You are investigating a savings account that is offered by 2
different banks.
Bank A is offering 0.464% interest per month, compounded
monthly.
Bank B is offering an effective annual interest rate of
6.50%
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