What is the difference in the effective interest rates

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You have a savings account that pays 3.7% interest compounded semi annually, but you are considering transferring your funds into a savings account that pays 3.3% interest compounded monthly. Calculate the difference in the effective interest rates of the two accounts. What is the difference in the effective interest rates of your existing new accounts?) What are the calculations you used on a finance calculator?

Reference no: EM13808003

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