Find the effective rate of interest for (1). a savings account that earn 8% compound...

Find the effective rate of interest for (1). a savings account that earn 8% compound quarterly and (2). another that earns 7% compounded monthly. (3) which is better for the depositor, (1) or (2)?

In University of Calabar
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Asked by Mandu on 14th October, 2021

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