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A friend was left $ 5 0 , 0 0 0 by his uncle. He has decided to put it into a savings account for
A friend was left $ by his uncle. He has decided to put it into a savings account for thenext year. Bank A offered him compounded every two months. Bank B offered compounded quarterly. Bank C offered him compounded continuously. He wishes toselect the Bank that will give him the highest return on investment. What bank should heselect?
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