You have $5,000 that you want to use to open a savings account. There are five banks located in your area. The rates paid by banks A through E, respectively, are given below. What is the effective rate offered by each of the banks?

Bank A offers 5.26 percent APR, compounded annually.

EARvA = %

Bank B offers 4.95 percent APR, compounded monthly.

EARvB = %

Bank C offers 3.93 percent APR, compounded semiannually.

EARvC = %

Bank D offers 4.26 percent APR, compounded continuously.

EARvD = %

Bank E offers 3.93 percent APR, compounded quarterly

EARvD = %

If your goal is to maximize your interest income, what should your account balance be after one year? (Be sure to use the full, unrounded value for your interest rate).

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