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Business, 03.11.2020 16:20 20011854

You have $5,600 that you want to use to open a savings account. There are five banks located in your area. The rates paid by banks A through D, respectively, are given below. Bank A. APR of 4.61 percent, compounded annually Bank B. APR of 4.15 percent, compounded monthly Bank C. APR of 4.57 percent, compounded semi-annually Bank D. APR of 4.25 percent, compounded quarterly

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