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 E, respectively, are given below. Which bank should you select if your goal is to maximize your interest income?

a. 4.61%, compounded annually

b. 4.15%, compounded monthly

c. 4.57%, compounded semi-annually

d. 4.10%, compounded continuously

e. 4.25%, compounded quarterly