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You have $5000 that you want to invest. There are five banks in your area. The rates paid by banks A through E, respectively .are
You have $5000 that you want to invest. There are five banks in your area. The rates paid by banks A through E, respectively .are below ) Which bank should you select to maximize your interest income? A. 5.26 percent, compounded annually B. 5.20 percent, compounded monthly C. 5.25 percent, compounded semi-annually D. 5.10 percent, compounded continuously E. 5.15 percent, compounded quarterly
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