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One bank advertises a nominal rate of 5.81% compounded semiannually. A second bank advertises a nominal...

One bank advertises a nominal rate of 5.81% compounded semiannually. A second bank advertises a nominal rate of 5.72% compounded weekly. What are the effective yields? (Round your answers to two decimal places.)

first bank %
second bank %


In which bank would you deposit your money?

first banksecond bank    

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