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3) Which of these banks offers the highest deposit annualized interest rates for a 3-year CD: Bank A 5% compounded annually; Bank B 4.93% compounded

3) Which of these banks offers the highest deposit annualized interest rates for a 3-year CD: Bank A 5% compounded annually; Bank B 4.93% compounded monthly; Bank C 4.9% compounded continuously? Show all calculations.

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