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Bank A pays 8% annual interest compounded semi-annually. Bank B pays 7.9% annually compounded monthly, and Bank C pays 7.8% compounded daily. If you have

Bank A pays 8% annual interest compounded semi-annually. Bank B pays 7.9% annually compounded monthly, and Bank C pays 7.8% compounded daily. If you have $ 500 to invest. What bank would you build if the deposit period is at least one year?

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