Calculate effective rates for each advertisements


The newspaper carries advertisements for CD rates/terms for 4 local banks. Calculate effective rates for each, rounding to nearest 0.01%. Which is better deal?

Scrooge Investments -- 17.0% compounded annually
Omega Savings & Loan -- 17.0% compounded monthly
Cloverdale Bank & Trust -- 17.5% compounded quarterly
Worker's Credit Union -- 18.0% compounded annually

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Chemistry: Calculate effective rates for each advertisements
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