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

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

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

28/09/2016 · Which of the following bank accounts has the lowest 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. d. An account that pays 7% nominal interest with.

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

29/03/2014 · See the answer See the answer done loading. Which of the following bank accounts has the lowest effective annual return? An account that pays 8% nominal interest with monthly compounding. An account that pays 8% nominal interest with annual compounding. An account that pays 7% nominal interest with daily (365-day) compounding. An account that …

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### QUESTION 14 Which Of The Following Bank Accounts Has …

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08/07/2019 · QUESTION 14 Which of the following bank accounts has the lowest effective annual return? a. An account that pays 8% nominal interest with annual compounding. b. An account that pays 8% nominal interest with daily (365-day) compounding. c. An account that pays 7% nominal interest with daily (365-day) compounding. d. An account that pays 7% …

### Study 164 Terms | Fin Man 1 Flashcards | Quizlet

Which of the following bank accounts has the lowest 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. d.

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

Which of the following bank accounts has the lowest effective annual return? An account that pays 7% nominal interest with monthly compounding As a result of compounding, the effective annual rate on a bank deposit (or a loan) is always equal to or less than the nominal rate on the deposit (or loan).