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Author Question: ABC Bank offers term deposits with 7.8 percent compounded quarterly, while XYZ Bank offers term ... (Read 73 times)

ARLKQ

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ABC Bank offers term deposits with 7.8 percent compounded quarterly, while XYZ Bank offers term deposits with 8 percent compounded annually. We know that ABC Bank offers a higher effective rate of return.
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Marked as best answer by ARLKQ on Nov 11, 2019

snackralk

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ARLKQ

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Reply 2 on: Nov 11, 2019
Great answer, keep it coming :)


LegendaryAnswers

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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