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You have a savings account in which you leave the funds for one without adding to or withdrawing from the account. Which would you rather have: A daily compounded rate of 0.050%, a weekly compounded rate of 0.265%, a monthly compounded rate of 1.15%, a quarterly compounded rater of 4.00%, a semiannually compounded rate of 7%, or annually compounded rate of 18%?

Reference no: EM131947611

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