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You are planning to deposit $1,000 in a savings account. Account A compounds monthly while account...

You are planning to deposit $1,000 in a savings account. Account A compounds monthly while account B compounds semiannually. If both accounts have the same quoted annual rate of interest, you should choose _______________.

A. account B because it has a higher APR

B. account A because it has a higher EAR

C. account B because it is compounded more often

D. account A because it is compounded at a lower discount rate

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