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What would you prefer to invest in: a savings account paying 5 percent compounded annually or a savings account paying 5 percent compounded daily?

What would you prefer to invest in: a savings account paying 5 percent compounded annually or a savings account paying 5 percent compounded daily? Why?
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Finance - 8223789.doc

One would prefer to invest in a savings account yielding 5 percent compounded daily as
the effective annual interest rate will be more as compared to investing in a savings
account yielding 5%...

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