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Which of the following bank accounts has the highest effective annual return? An account that...

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Accounting

image Which of the following bank accounts has the highest effective annual return? An account that pays 6% nominal interest with annual compounding. An account that pays 5% nominal interest with monthly compounding. An account that pays 6% nominal interest with daily (365-day) compounding. An account that pays 6% nominal interest with monthly compounding. An account that pays 5% nominal interest with daily (365-day) compounding

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