Which savings account is better, one paying 6 % with yearly compounding or one paying 5.9 %

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Which savings account is better, one paying 6 % with yearly compounding or one paying 5.9 % with daily compounding?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 28, 2024 07:00 AM

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Which savings account is better, one paying 6 % with yearly compounding or one paying 5.9 %

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To determine which savings account is better we can compare the effective annual interest rates of b... View the full answer

Income Tax Fundamentals 2013

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