2 Question 2 CLO 2: Students will be able to think flexibly to [apply] an effective strategy to solve a problem. This question has multiple parts. Michael is saving up money to buy his first car. He has a choice between the following savings account interest rates: 1.5% interest compounded yearly 2.4.95% compounded monthly 3. 4.9% compounded continuously Find the amount in each account after one year if $5,000 is put into each account initially. Putting yourself in this situation, what account would you invest you Compounded Interest Video: