a. If you have $100 in a saving account that pays 5% interest per annum, how much money will be in your saving account after five years. b. If you put $100 each month in your investment account for next 35 years, how much money will be accumulated if the rate of return on your investment fund is 6% per annum. Note that monthly rate will be 0.5%. c. If you would like to double your investment in 7 years, what rate of return (per annual) should be generated by your investment fund? d. You have $100,000 to put in high interest saving account. Bank A offers you 3% interest per annum but compounded monthly whereas Bank B offers you 2.9% interest per annum but compounded daily. Which bank would you choose and why? Note: you must find effective annual rate (EAR) to answer this question.