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Question 3 (4 points) You want to open a savings account and your bank offers you three compounding interest options: Option 1-5.2% annual interest
Question 3 (4 points) You want to open a savings account and your bank offers you three compounding interest options: Option 1-5.2% annual interest rate compounded monthly Option 2-5.1% annual interest rate compounded daily Option 3-5.0 % annual interest rate compounded continuously If left untouched, which option is the best for maximizing the amount of money in your account. Use mathematics to justify your decision, you must provide an example to justify yourkonclusion
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