You plan to deposit $5,500 into a savings account. There are five great banks in your town offering terrific interest rates. If your goal is to earn the greatest amount of interest, which bank should you choose? Please explain why.

Bank KLM: 3.66% compounded continuously

Bank HIJ: 3.71% compounded semi-annually

Bank DEF: 3.70%, compounded monthly

Bank XYZ; 3.64% compounded quarterly

Bank ABC: 3.74%, compounded annually