Mathematics, 24.01.2020 05:31, idcbrooo

Harrison is comparing two certificates of deposit, one at a local financial institution and the other at an online financial institution. the local institution offers a rate of 6% compounded annually while the online institution offers a rate of 6% compounded quarterly. if harrison has a principal amount of $5,000, which institution offers the better deal, assuming he makes no further deposits or withdrawals? explain.

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Harrison is comparing two certificates of deposit, one at a local financial institution and the othe...