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Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of ...

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Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of ...

Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded continuously. Which account provides the highest effective annual return?
A) Account A
B) Account B
C) Both provide the same effective annual return
D) We don't have sufficient information to make a choice

Textbook

Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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pompa Author

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