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You receive a cash flow of 50,000$ and you decide to deposit it for a...

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Finance

You receive a cash flow of 50,000$ and you decide to deposit it for a year in a saving account offering
an annual interest rate of 24% with monthly compounding. The teller asks you if you would consider
a different account with annual compounding.
For which interest rate would you be indifferent to switch to annual compounding

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