Question: 1 . ( 6 pts ) If you make $ 1 0 0 0 deposit to a 5 - year certificate of deposit account, which

1.(6 pts) If you make $1000 deposit to a 5-year certificate of deposit account, which bank
would you prefer to get the most possible interest? How much is the most value you will get
after 5 years. Show your calculations and explain your answer.
a. From Bank A: 8% APR compounded daily
b. From Bank B: 8.25% APY compounded monthly
c. From Bank C: 8.13% compounded continuously

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