Question

Which bank has the best effective annual yield? A) Badger Bank with a nominal rate of...

Which bank has the best effective annual yield?

A) Badger Bank with a nominal rate of 6.4% compounded monthly.
B) Wolverine Bank with a nominal rate of 6.34% compounded weekly.
C) Catamount Bank with a nominal rate of 6.55% compounded yearly.

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