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You want to open a savings account. There are five banks located in your area. The rates paid by banks A through E, respectively, are
You want 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? O A. 3.8 percent, compounded annually B.3.8 percent, compounded weekly C. 3.5 percent, compounded quarterly D. 3.5 percent, compounded monthly E. 3.5 percent, compounded daily
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