Which bank would you choose if the deposit period is at least one year, given the following

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Which bank would you choose if the deposit period is at least one year, given the following conditions?

Bank A offers an 8% annual interest rate compounded semiannually.

Bank B offers a 7.9% annual interest rate compounded monthly.

Bank C offers a 7.8% annual interest rate compounded daily.

You have $500 to invest.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: May 09, 2024 07:13 AM

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Which bank would you choose if the deposit period is at least one year, given the following

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Microeconomics An Intuitive Approach with Calculus

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