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3. Your uncle promised to give you B200,000 as a graduation gift in the next three years. He will deposit B3,500 to a bank from

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3. Your uncle promised to give you B200,000 as a graduation gift in the next three years. He will deposit B3,500 to a bank from his monthly income. However, he is still confused about which bank to deposit his money at the end of every month. There are four options for the bank. Bank A offers 1.5% annual interest rate; Bank B, 2.0%; Bank C, 2.5%; and Bank D. 3%. Questions: Which bank(s) will you recommend to your uncle? Which bank(s) will you not offer your uncle? (give reasons) to

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