Question: ANSWER COMPLETELY SHOW ALL WORK, NO EXCEL ALLOWED 1. Two savings accounts offer you two different rates on the $5,00 you wish to invest. Account

ANSWER COMPLETELY SHOW ALL WORK, NO EXCEL ALLOWED

1. Two savings accounts offer you two different rates on the $5,00 you wish to invest. Account Z promises 3.2% (daily compounding) and account Y offers 7.80% (continuously compounding). Explain which you would choose and why. Show all calculations

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