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 $5,000 to save for two years?
A) an interest rate of 5 percent,with the bank charging you a $50 processing fee at the time you open your account
B) an interest rate of 4 percent,with the bank giving you a $65 bonus at the time you open your account
C) an interest rate of 3.5 percent,with the bank giving you a $100 bonus to 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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