a. Suppose that you deposit $ 1,000 today in account paying simple interest of 5% annually. How much interest will you have earned at the end of 5 years? Round your final answer to two decimals.

b. Suppose that you deposit $ 1,000 today in account with an APR of 5% compounded daily. How much more interest will you have earned at the end of 5 years compared to an account paying simple interest? Round your final answer to two decimals.

c. What is the EAR of a savings account that pays an APR of 15% with daily compounding? Enter your answer as a percent without the percent sign. Round your final answer to two decimals.