Question: Please help Question 23 (2.5 points) ) Listen You are about to deposit $ 685 into one of the following savings accounts to be left

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Question 23 (2.5 points) ) Listen You are about to deposit $ 685 into one of the following savings accounts to be left on deposit for 25 years. Each bank offers an account with a different interest rate and compounding period. Assuming you want to maximize your wealth, how much money would be in the bank account that offers the best effective rate of return after 25 years? . BANK A: 9.5 percent rate compounded semi-annually . BANK B: 9.4 percent rate compounded monthly . BANK C: 9.3 percent rate compounded daily . BANK D: 9.2 percent rate compounded continuously Enter the amount only - that s, do NOT enter the bank letter. Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign or any commas in your answer. For example, enter $12,327.24987 as 12327.25. Your Answer:

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