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You have $2,500 that you want to use to open a savings account. You have...

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Finance

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You have $2,500 that you want to use to open a savings account. You have found four different banks that are acceptable to you. All you have to do now is determine which bank you want to use such that you can earn the highest rate of interest possible. Which bank should you use based upon the APRs quoted by each bank? Bank A: 3.70%, compounded annually Bank B: 3.70%, compounded semi-annually Bank C: 3.70%, compounded quarterly Bank D:3.70%, compounded monthly

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