Question: 1. a) Which will deliver a higher future value after one year, a deposit of $1,000 at- tracting interest rate at 15% compounded daily, or

1. a) Which will deliver a higher future value after one

1. a) Which will deliver a higher future value after one year, a deposit of $1,000 at- tracting interest rate at 15% compounded daily, or at 15.5% compounded semi-annually? Calculate the corresponding future values. b) Find the corresponding effective interest rates for the rates in part a)

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