Answer:
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Answer:
10.00 +4s .
u wanted expression , not answer.?
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Answer:
With monthly compounding, the bank will calculate interest on your account just once per month. It will not update your balance on a daily basis when it calculates how much interest it owes you. Assuming that the APR is the same, accounts with monthly compounding offer a lower APY than accounts with daily compounding.
Answer:
I believe it would be C.
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