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You have $5,600 that you want to use to open a savings account. There are five banks located in your area. The rates paid by
You have $5,600 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 D, respectively, are given below. Which bank should you select if your goal is to maximize your interest income? O 4.61 percent, compounded annually O 4.15 percent, compounded monthly O 4.57 percent, compounded semi-annually O 4.10 percent, compounded continuously
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