A local bank has two saving options one offers 6 interest, Ask an Expert

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A local bank has two saving options. One offers 6% interest compound on a daily bases while the other offers 6.5% compounded quarterly. Which saving option would you choose?

a. 6% compound daily

b. 6.5% compound quarterly

c. They are the same.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91725983

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