You are looking at two savings accounts. The first pays 4.3% (APR) with daily c...
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You are looking at two savings accounts. The first pays 4.3% (APR) with daily compounding. The second pays 4.9% (APR) with monthly compounding.
What is the effective annual rate for an account with the higher effective annual rate?
Give the answer in
percentage, rounding to the nearest unit, with no decimal places (e.g., if the
answer would be 3.234%, give 3; or if the answer would be 4.562%, give 5).
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