# Which Of The Following Bank Accounts Has The Highest Effective Annual Return?

Which Of The Following Bank Accounts Has The Highest Effective Annual Return?

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### Solved Which Of The Following Bank Accounts Has The …

11/09/2016 · Which of the following bank accounts has the highest effective annual return? a. An account that pays 8% nominal interest with monthly compounding. b. An account that pays 8% nominal interest with annual compounding. c. An account that pays 7% nominal interest with daily (365-day) compounding.

### Which Of The Following Bank Accounts Has The Highest …

Which of the following bank accounts has the highest effective annual return? a. An account that pays 8% nominal interest with monthly compounding.

### Which Of The Following Bank Accounts Has The Highest …

Effective Annual Rate (EAR) - How to Calculate Effective ...

### Ch 5 Practice Quiz Flashcards | Quizlet

Effective Annual Rate (EAR) - How to Calculate Effective ...

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Ch. 5-Pt. 1 (Exam 2) Flashcards | Quizlet

### Ch. 5-Pt. 1 (Exam 2) Flashcards - Quizlet

Effective Annual Rate (EAR) - How to Calculate Effective ...

### Time Value Of Money- TB (Reviewer) - Accountancy - StuDocu

07/10/2012 · You are interested in investing your money in a bank account. Which of the following banks provides you with the highest effective rate of interest? a. Bank 1; 8 percent with monthly compounding. b. Bank 2; 8 percent with annual compounding. c. Bank 3; 8 percent with quarterly compounding. d. Bank 4; 8 percent with daily (365-day) compounding. e. Bank …

### Homework 1 Flashcards | Quizlet

Which of the following bank accounts has the highest effective annual return? a. An account that pays 10% nominal interest with monthly compounding. b. An account that pays 10% nominal interest with daily compounding. c. An account that pays 10% nominal interest with annual compounding. d. An account that pays 9% nominal interest with daily compounding. …

### Chapter 4 Flashcards - Quizlet

Which of the following bank accounts has the highest effective annual return? a. An account that pays 10 percent nominal interest with monthly com- pounding. b. An account that pays 10 percent nominal interest with daily com- pounding. c. An account that pays 10 percent nominal interest with annual com- pounding. d. An account that pays 9 percent nominal …