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You are about to deposit $ 2 8 5 into one of the following savings accounts to be left on deposit for 2 5 years.
You are about to deposit $ into one of the following savings accounts to be left on deposit for years. Each bank offers an account with a different interest rate and compounding period. Assuming you want to maximize your wealth, how much money would be in the bank account that offers the best effective rate of return after years? BANK A: percent rate compounded semiannually BANK B: percent rate compounded monthly BANK C: percent rate compounded daily BANK D: percent rate compounded continuouslyEnter the amount only. that s do NOT enter the bank letter.
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