Question: Please answer as quickly as possible and correctly and I will give a thumbs up all steps do NOT have to be shown as long

Please answer as quickly as possible and correctly and I will give a thumbs up all steps do NOT have to be shown as long as the final answer is correct, thank you.

Five commerical banks offer different interest rates and compounded at different frequency for 1-year GIC (Guaranteed Investment Certificate Bank A offers 7% annual rate, but compounded continuously. Bank B offers 7% annual rate, but compounded daily. Bank C offers 8% annual rate, but compounded monthly. Bank D offers 8% annual rate, but compounded quarterly. Bank E offers 8.5% annual rate and compounded annually. If you want to invest in one of these five GICs, which bank's offer should you select to maximize the interest earned? Bank A Bank B Bank C Bank D Bank E

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