Question: Back A pays 4% interest compounded annually on deposits, while Bank B pays 3.87% pounded daily. Based on the EAR (or EFF%), which one should

Back A pays 4% interest compounded annually on deposits, while Bank

Back A pays 4% interest compounded annually on deposits, while Bank B pays 3.87% pounded daily. Based on the EAR (or EFF%), which one should you wd Explais. hits calculate each EAR and then compare two EAR

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