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Which bank offers a better rate of interest

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Reference no: EM131556321

Question: RATE COMPARISONS Fleet Street Savings Bank pays interest at the rate of 4.25%/year compounded weekly in a savings account, whereas Washington Bank pays interest at the rate of 4.125%/year compounded daily (assume a 365- day year). Which bank offers a better rate of interest?

Reference no: EM131556321

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