Business, 24.10.2019 17:43 kimjooin02

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? a. bank 2; 6.0% with monthly compounding. b. bank 4; 6.0% with quarterly compounding. c. bank 5; 6.0% with daily (365-day) compounding. d. bank 3; 6.0% with annual compounding. e. bank 1; 6.1% with annual compounding.

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You plan to invest some money in a bank account. which of the following banks provides you with the...

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