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A 1 . You bought a scratchie and you won $ 2 0 0 0 . You will put this money into a savings account

A1. You bought a "scratchie" and you won $2000. You will put this money into a savings account for two
years. You find four banks offering the following deals:
a. YNG bank -2% p.a. compounding monthly. There is an annul account-keeping fee of $2.
b. St Georgina bank =1.5% p.a. compounding weekly. There are no fees on this account.
c. Mooncorp bank -1.25% continuous compounding. There is an annual account-keeping fee of $1
d. Commonstealth bank -1.75% p.a. compounding annually. There are no fees on this account.
Which account should you choose? How much would you have at the end of the two years under each
option?
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