Identify the account that has the higher effective rate.
Account X | Account Y
Nom...
Mathematics, 16.04.2020 19:50 emilycolley2
Identify the account that has the higher effective rate.
Account X | Account Y
Nominal 3% | 3.3%
interest Rate:
Compounding: Daily | Annually
The account with the higher effective interest rate is: Account y or Account X
Answers: 2
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