You have three choices in placing your money in a bank account. (a) Bank A pays 6.12%
Question:
You have three choices in placing your money in a bank account.
(a) Bank A pays 6.12% compounded annually.
(b) Bank B pays 6.00% compounded quarterly.
(c) Bank C pays 5.90% compounded continuously.
Which bank would you open an account with?
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