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Bank A pays 10% interest compounded quarterly. Bank B pays 9.95% interest compounded monthly. Bank C pays 10.05% annual interest compounded daily. Where would you

Bank A pays 10% interest compounded quarterly. Bank B pays 9.95% interest compounded monthly. Bank C pays 10.05% annual interest compounded daily. Where would you invest your money? (Hint: Compare the effective annual rate offered by each bank.)

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