vanawere8554 vanawere8554

27-12-2023
Mathematics

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Frank found an account with a 2.7% interest rate compounded monthly and another account with the same interest rate but compounded daily. If he is planning to leave his 51.000 in the account for 25
years, which one will yield more money and by how much more.
1) The account with the 2.7% interest rate compounded daily
2) The other account
3) Cannot be determined

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