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M24. P4 12 points) you have $5,600 that you want to use to open a savings account. There are five banks loed in you ws

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M24. P4 12 points) you have $5,600 that you want to use to open a savings account. There are five banks loed in you ws The rates paid by banks A through D, respectively, are given below, Which bank should you select if your goal is to maximize your interest income? 4.57 percent, compounded semi-annually 4.25 percent, compounded quarterly 4.61 percent, compounded annually 4.15 percent, compounded monthly

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