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Please help me question 2- to evaluate each option and get the best one. Thank you In all cases use the accurate formula of the

Please help me question 2- to evaluate each option and get the best one. Thank you

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In all cases use the accurate formula of the relationship between the real and nominal interest rate. 2. You want to open a savings account and deposit $50, 000, and the bank offers the following rates: (a) Annual rate of 4% compounded monthly. (b) Annual rate of 4% compounded quarterly.(c) Annual rate of 3.9% continuously compounded. (d) Simple interest rate of 4.5% fixed for 5 years. You plan to keep the cash in the bank for a total of 5 years. All rates are fixed Analyze each offer and choose the best one. 3. Three banks offer the following interest rates for cash deposits: mpounded annually

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