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You are interested in investing your money in a bank savings account. Which of the following banks would you bank with? Question 5 options: Bank

You are interested in investing your money in a bank savings account. Which of the following banks would you bank with?

Question 5 options:

Bank A; 8 percent APR with monthly compounding.

Bank B; 8 percent EAR.

Bank C; 8 percent APR with quarterly compounding.

Bank D; 8 percent APR with daily compounding.

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