Which account would theo prefer the most

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Theo is considering selling all of his stocks and put the money ($150,000 in total) into a bank account. After checking out 3 banks, she obtained the following information:

i) Bank A account: 12% APR with monthly compounding

ii) Bank B account: 11.5% per year

iii) Bank C account: 11% APR with semi-annual compounding

Based on the comparison of semi-annual return (%), which account would Theo prefer the most and which one the least? Explain.

Reference no: EM132420653

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