Business, 08.07.2019 23:20 vladisking888

Question 14 which of the following bank accounts has the lowest effective annual return? a. an account that pays 8% nominal interest with annual compounding. b. an account that pays 8% nominal interest with daily (365-day) compounding. c. an account that pays 7% nominal interest with daily (365-day) compounding. d. an account that pays 7% nominal interest with monthly compounding. e. an account that pays 8% nominal interest with monthly compounding.

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Question 14 which of the following bank accounts has the lowest effective annual return? a. an acco...

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