You have three choices in placing your money in a bank account. (a) Bank A pays 6.12%

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You have three choices in placing your money in a bank account.

(a) Bank A pays 6.12% compounded annually.
(b) Bank B pays 6.00% compounded quarterly.
(c) Bank C pays 5.90% compounded continuously.

Which bank would you open an account with?

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Contemporary Engineering Economics

ISBN: 9780134105598

6th Edition

Authors: Chan Park

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Question Posted: Dec 22, 2022 07:38 AM

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You have three choices in placing your money in a bank account. (a) Bank A pays 6.12%

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Contemporary Engineering Economics

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