Which financial institution is offering the higher? rate

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Suppose for its deposit accounts Simplii Financial is offering to pay interest at a rate of 0.4?% per month with monthly? compounding, but Tangerine is offering to pay interest at a rate of 1.2?% per quarter with quarterly compounding.? (One quarter is equal to three? months.) Which financial institution is offering the higher? rate?

Reference no: EM132652212

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