You have three choices in placing your money in a bank account. (a) Bank A pays 9.25%

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You have three choices in placing your money in a bank account.
(a) Bank A pays 9.25% compounded annually.
(b) Bank B pays 9.00% compounded quarterly.
(c) Bank C pays 8.90% compounded continuously. Which bank would you open an account with?

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Question Posted: Apr 21, 2016 06:39 AM

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You have three choices in placing your money in a bank account. (a) Bank A pays 9.25%

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Contemporary Engineering Economics

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