(2) Which of the following bank savings accounts would provide you with the highest effective rate of interest? Hint: See Interest Rate Conversion, HP Manual Bank 1: 8.1\%-compounded yearly Bank 2: 8.0\%-compounded quarterly Bank 3: 7.9% compounded monthly Bank 4:7.8\%-compounded daily (5) At an inflation rate of 6%, the purchasing power of a $1.00 is cut in half in 11.9 years. How long would it take at 2% annual inflation? (6) What's the remaining balance on a 30 year, 125,000,4% mortgage after 17.5 years