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  3. 6. [-13 points] details teafm2 f.2.032. my notes p

6. [-13 Points] DETAILS TEAFM2 F.2.032. MY NOTES PRACTICE ANOTHER One bank advertises a nominal...

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6. [-13 Points] DETAILS TEAFM2 F.2.032. MY NOTES PRACTICE ANOTHER One bank advertises a nominal rate of 7.39% compounded semiannually. A second bank advertises a nominal rate of 7.31% 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? O first bank O second bank

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