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4. Manuel received a $10,000 inheritance. He has 4 options for savings accounts. For each of the options, determine a) how much will be in

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4. Manuel received a $10,000 inheritance. He has 4 options for savings accounts. For each of the options, determine a) how much will be in the account after 10 years, b) how much interest is eamed after 10 years, and c) the percent of the balance that is interest. a. Option 1:3\% APR compounded daily b. Option 2: 3.5% Simple Interest c. Option 3:3.5\% APR compounded monthly d. Option 4: 2.5\% APR compounded continuously 4. Manuel received a $10,000 inheritance. He has 4 options for savings accounts. For each of the options, determine a) how much will be in the account after 10 years, b) how much interest is eamed after 10 years, and c) the percent of the balance that is interest. a. Option 1:3\% APR compounded daily b. Option 2: 3.5% Simple Interest c. Option 3:3.5\% APR compounded monthly d. Option 4: 2.5\% APR compounded continuously

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