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5. Your clinic has $5 million to invest. Bank A provides simple interest of 8%, Bank B (1) Bank A provides simple interest of 8%,

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5. Your clinic has $5 million to invest. Bank A provides simple interest of 8%, Bank B (1) Bank A provides simple interest of 8%, and Bank B provides compound interest of 8%, which one will you select and why? (2) If the bank changes from quarterly compounding to monthly, the future value of your savings at the end of 10 years will a stay the same b increase c decrease d cannot tell from the information given

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