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Which of the following banks is offering the BEST rate (assuming that you plan to deposit $10,000 in the account today and leave the money

Which of the following banks is offering the BEST rate (assuming that you plan to deposit $10,000 in the account today and leave the money in the account for 25 years)? Bank Nominal Rate 16.000% 15.700% 15.500% 15.350% 15.250% Number of Compounding Periods Per Year 4 12 365 Continuous b. c, d. e. Bank A which offers a rate of 16.000% with semi-annual compounding Bank B which offers a rate of 15.700% with quarterly compounding. Bank C which offers a rate of 15.500% with monthly compounding Bank D which offers a rate of 15.350% with daily compounding. Bank E which offers a rate of 15.250% with continuous compounding

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