You have a client that plans to put $100,000 into a brokered 5‐year CD with you. You see two 5‐year CD options on your screen that she could invest in. Which of the options provides more total return, and by how much? East Coast Bank: 6% simple West Coast Bank: 6% monthly   A. West Coast; $1,062 B. East Coast; $1,062 C. East Coast; $4,885 D. West Coast; $4,885

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A: The computation of the Future value as follows:

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