Three local banks pay different interest rates on time deposits with one-year maturities: Bank 1...
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Finance
Three local banks pay different interest rates on time deposits with one-year maturities:
Bank 1 - 4.5% per year compounded annually
Bank 2 - 4.3% per year compounded quarterly
Bank 3 - 4.1% per year compounded daily
Rank the three banks from highest to lowest in terms of the depositor's return.
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