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You want some money to be deposited in a savings account in a bank Three banks in your town are offering the following interest rates:
You want some money to be deposited in a savings account in a bank Three banks in your town are offering the following interest rates: 2. a) Bank A-9% per year, compounded quarterly b) 4 Bank B-8.8% per year, compounded monthly c) Bank C-9.1% per year, compounded semi-annually From a pure economic point of view at which bank would you deposit your money
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