You plan to invest some money in a bank account.

Indicate which of the following banks provides you with the best investment of interest? Choose between these alternatives, explain your answer.

a. Bank 1;10.2% with semiannually compounding.

b. Bank 2; 10%with monthly compounding.

c. Bank 3; 10.75% with daily compounding.

d. Bank 4; 10.25% with quarterly compounding.

e. Bank 5; 9.6% With continuous compounding