Would you prefer a savings account that paid 7 interest, Financial Management

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Would you prefer a savings account that paid 7 interest

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Would you prefer a savings account that paid 7% interest, compounded quarterly, over an account that paid 7.5% with annual compounding if you had $1,000 to deposit? Would the answer change if you had $100,000 to deposit?

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Financial Management: Would you prefer a savings account that paid 7 interest

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Financial Management: Would you prefer a savings account that paid 7 interest

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