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You have $76,750 that you want to use to open a savings account. You have found 4 different accounts that are acceptable to you. All

You have $76,750 that you want to use to open a savings account. You have found 4 different accounts that are acceptable to you. All you have to do now is determine which account you want to use such that you can earn the highest rate of interest possible. Which account should you use based upon the annual percentage rates quoted by each bank? Show all the work to back up your answer.

Account A: 5.55% compounded annually

Account B: 5.44% compounded monthly

Account C: 5.42% compounded daily

Account D: 5.40% compounded continuously

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