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Bank of India offered a 1-year CD that paid 4.8% compounded daily and Punjab National Bank offered one that paid 4.85% compounded quarterly. Find the APY (expressed as a percentage, correct to three decimal places) for each CD. Which has the higher return? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared
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Bank of India offered a 1-year CD that paid 4.8% compounded daily and Punjab National Bank offered one that paid 4.85% compounded quarterly. Find the APY (expressed as a percentage, correct to three decimal places) for each CD. Which has the higher return?, a detailed solution for Bank of India offered a 1-year CD that paid 4.8% compounded daily and Punjab National Bank offered one that paid 4.85% compounded quarterly. Find the APY (expressed as a percentage, correct to three decimal places) for each CD. Which has the higher return? has been provided alongside types of Bank of India offered a 1-year CD that paid 4.8% compounded daily and Punjab National Bank offered one that paid 4.85% compounded quarterly. Find the APY (expressed as a percentage, correct to three decimal places) for each CD. Which has the higher return? theory, EduRev gives you an
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