You are trying to decide which bank to put your money in. You have visited 5 banks that have offered you the following rates:

i. 6.60% per annum with annual compounding

ii. 6.55% per annum with quarterly compounding

iii. 6.50% per annum with monthly compounding

iv. 6.45% per annum with weekly compounding

v. 6.40% per annum with daily compounding (Assume 365 days in a year)

Which bank do you prefer putting your money in?

A.

Bank iii

B.

Bank i

C.

Bank v

D.

Bank iv

E.

Bank ii