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Which of the following bank accounts has the highest effective annual return?

endah87

wrote...

Go to Answer

Posts: 148

Rep:

A year ago

Which of the following bank accounts has the highest effective annual return?

Which of the following bank accounts has the highest effective annual return?

▸

an account that pays9% nominal interest with monthly compounding

▸

an account that pays8% nominal interest with daily (365-day) compounding

▸

an account that pays9% nominal interest withdaily (365-day)compounding

▸

an account that pays 8% nominal interest withmonthlycompounding

Textbook

Financial Management: Theory and Practice

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

Read 62 times

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jay2013

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A year ago

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endah87 Author

wrote...

A year ago

Good timing, thanks!

dianeflunder

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Yesterday

I appreciate what you did here, answered it right Smiling Face with Open Mouth

Smiling Face with Open Mouth

njn;l

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2 hours ago

You make an excellent tutor!

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