Acme Trust offers three different savings accounts to an investor. Account A: compound interest at 12% per

Question:

Acme Trust offers three different savings accounts to an investor.

Account A: compound interest at 12% per year convertible quarterly.

Account B: compound interest at 1 1 .97% per year convertible 5 times per year.

Account C: compound discount at 11.8% per year convertible 10 times per year.

Which account is most advantageous to the investor? Which account is most advantageous to Acme Trust?

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