1. A bank offers an interest rate of 4.88% on savings accounts with an APR (annual percentage rate) of 5.00%; that is, if $100 is initially invested, after 1 year, the account will have $105 in it. Assume the bank rounds correctly to two decimal places. a. What is the minimum whole number of times the bank compounds my interest? b. What is the maximum number of times the bank compounds my interest? c. Assuming the bank is giving exactly 5.00% APR (no rounding), how many times per year is the account compounded