You are about to deposit $550 into one of the following saving accounts to be left on

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You are about to deposit $550 into one of the following saving 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?

Posted Date: May 18, 2024 04:17 PM

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You are about to deposit $550 into one of the following saving accounts to be left on

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