Imagine that you are planning in putting an initial principle P = $100 into one of the following interest bearing accounts: (A) An account with an annual interest rate of 7% coumpounded quarterly (n = 4) (B) An account with an annual interest rate of 7.1% compounded annually (C) An account with an annual interest rat of 6.9% compounded n = 365 times per year. • (D) An account with an annual interest rate of 6.85% compounded continuously. Compute the amount of money that will be in each of these hypothetical accounts after 1 year. Which one gives the best return on investment?

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