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Josh deposit $100,000 for 1 yea. Bank A: 6% interest Annually BanK B: 6% interest Semi-Annually Bank C: 6% interest Quarterly Bank D: 6% interest

Josh deposit $100,000 for 1 yea.

Bank A: 6% interest Annually

BanK B: 6% interest Semi-Annually

Bank C: 6% interest Quarterly

Bank D: 6% interest Monthly

Bank E: 6% interest Daily

Bank F: 6% Continue Continuously

1. Which bank should Josh goes?

2. Calculate EAR (Bank A - F )

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