part : creating a proposal after a number of years of saving up all your pennies you have finally reached a total amount of $ 4,000. you have decided to put your money into a savings account. after an extensive amount of research, you have the following options to choose from : bank 1 offers a 5% annual interest rate compounded monthly. • bank 2 offers a annual interest rate compounded quarterly . bank 3 offers a 5% annual interest rate compounded weekly. decide which bank is the best option to open a savings account for one year. show the total amounts for each bank to justify your answer . 2. decide which bank is the best option to open a savings account for 10 years . show the total amounts for each bank to justify your answer. 3.how much money would you make from saving $ 4000 in the bank selected after 10 years?
part : creating a proposal after a number of years of saving up all your pennies you have finally reached a total amount of $ 4,000. you have decided to put your money into a savings account. after an extensive amount of research, you have the following options to choose from : bank 1 offers a 5% annual interest rate compounded monthly. • bank 2 offers a annual interest rate compounded quarterly . bank 3 offers a 5% annual interest rate compounded weekly. decide which bank is the best option to open a savings account for one year. show the total amounts for each bank to justify your answer . 2. decide which bank is the best option to open a savings account for 10 years . show the total amounts for each bank to justify your answer. 3.how much money would you make from saving $ 4000 in the bank selected after 10 years?
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