3. Carole is considering investing $90,000 to earn higher returns. An investment which matures in 3 years, compounding interest quarterly at 4% p.a. caught her attention. a) How much will Carole expect to receive on this investment at the end of the 3 years if she invests all $90,000 into it? b) If the interest were compounded on a monthly basis, would Carole receive more? Briefly explain without calculation