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5. For the following questions use $485 as the initial deposit amount. Round all final answers to two decimal places. (a) You deposit the money

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5. For the following questions use $485 as the initial deposit amount. Round all final answers to two decimal places. (a) You deposit the money in an account with Bank A earning 1.75% interest compounded annually. How much will you have in the account in 3 years? (b) Bank B offers a savings account that earns 1.75% interest compounded monthly. How much will you have in the account in 3 years? much will (c) Bank C offers a savings account that earns 1.75% interest compounded weekly. Ho you have in the account after 3 years? (d) Which of the three accounts from parts 5a, 5b, 5c would make the most of your money at the end of 3 years? Circle your answer. Bank A Bank B Bank C

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