Multiple Choice
On the Internet you find the following offers for opening an online account. Which of them is the best offer if you have $2,000 to save for two years?
A) An interest rate of 5 percent, with the bank charging you a $15 processing fee at the time you open your account
B) An interest rate of 3.5 percent, with the bank giving you a $35 bonus to open your account
C) An interest rate of 4 percent, with the bank giving you a $20 bonus at the time you open your account
D) An interest rate of 4.5 percent, with no processing fee and no bonus
Correct Answer:
Verified
Correct Answer:
Verified
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