Question 1110091
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The growth factor over a year for fleet street is
{{{(1+(.0425/52))^52 = 1.043397945}}} for an APR of about 4.34%<br>
The growth factor over a year for washington bank is
{{{(1+(.04125/365))^365 = 1.042110172}}} for an APR of about 4.21%<br>
The rate is better at fleet street.<br>
You could also determine that by comparing the growth factors over one week.<br>
For fleet street that growth factor is {{{1+.0425/52 = 1.000817308}}}
For washington bank it is {{{(1+.04125/365)^7 = 1.000791364}}}