Eno Attaa is deciding to open an endowment fund for her grandson who is 6 years now. She intends to use the fund to support the grandson's university education in 10 years time. Eno Attaa will start with a seed Money of ghc26, 000. Three banks have made the following offers to her: I. Interest of 5% p.a form bank A compounded quarterly. II. Interest of 5% p.a from bank B compounded monthly. III. interest of 5% p.a from Bank C compounded daily. Which bank offers the best rate?
