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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

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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 given below. Which bank should you select if your goal is to maximize your interest income? A. 3.80 percent, compounded annually B.3.75 percent, compounded semi-annually C. 3.75 percent, compounded quarterly D. 3.75 percent, compounded monthly E. 3.70 percent, compounded daily

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