Question: Please answer ASAP 17) Sally has a choice to put her money in a savings account with 6.55% interest compounded annually; or a savings account

Please answer ASAP

17) Sally has a choice to put her money in a savings account with 6.55% interest compounded annually; or a savings account with 6.45% interest compounded quarterly; or a savings account with 6.35% interest compounded monthly. Which of the following statements is correct? (hint you need to calculate each). A) 6.55% with annual compounding has the highest effective annual rafe. B) 6.45% with quarterly compounding has the highest effective annual rate. C) 6.35% with monthly compounding has the highest effective annual rate. D) can't determine based on the information provided. E) all three rates have the same effective annual rate

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