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1. You are considering the following investments: A. Bank A promises to pay 8% on your deposit compounded annually. B. Bank B promises to pay

1. You are considering the following investments:

A. Bank A promises to pay 8% on your deposit compounded annually.

B. Bank B promises to pay 8% on your deposit compounded daily.

C. Bank C promises to pay 8% on your deposit compounded continuously.

How much will you have in ten years if you invested $200 in each of these accounts today?

Note: This is not a multiple choice question. There is three sperate aspects to this question.

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