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4. Ashley wants to invest her 2019 tax return of $5,000. She will withdraw her money three years from now. Which bank should she use
4.
Ashley wants to invest her 2019 tax return of $5,000. She will withdraw her money three years from now. Which bank should she use if she wishes to maximize her investment?
Bank D, which offers a rate of 7.5% compounded monthly.
Bank C, which offers a rate of 6% compounded annually.
Bank A, which offers a simple rate of 6%.
Bank B, which offers a simple rate of 7.5%.
Bank E, which offers a rate of 7.5% compounded annually.
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