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You are interested in investing your money in a bank account. Which of the following banks provides you with the lowest effective rate of interest?

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You are interested in investing your money in a bank account. Which of the following banks provides you with the lowest effective rate of interest? O a. Bank 4: 8.35% with annual compounding. O b. Bank 1: 8.35% with monthly compounding. O c. Bank 2: 8.35% with quarterly compounding. O d. Bank 3: 8.35% with semi-annual compounding, O e. Bank 5: 8.10% with daily (365-day) compounding

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