A worker is thinking of opening a term certificate of deposit (TCD or Term CD) with his first salary of $5000000, for which the following bank options have been presented that offer the following rates of return. Answer, which bank should the worker prefer to invest his money in? and why? The table with the rates of return and the response options are shown below. Remember to include a detailed procedure to show which bank is the best option to invest with.

RATE OF RETURN	Bank
15% nominal annual/semester in arrears	A
7.5 % semi-annual nominal/month in advance	B
3.80 % quarterly cashback	C

a) Bank A

b) Bank B

c) Bank C