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You are shopping for the highest rate of return on a one-year CD. Bank A offers 6% annual rate with annual compounding; Bank B offers

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You are shopping for the highest rate of return on a one-year CD. Bank A offers 6% annual rate with annual compounding; Bank B offers 5.9% with quarterly compounding: Bank C offers 5.8% with monthly compounding; and Bank D offers 5.75% with continuously compounding. Which CD should you invest in? Bank D Bank C Bank B Bank A

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