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A28 COMPARING 4 SAVINGS PLANS 1,000.00 2 Savings amount 4 Option A--Bellon Bank 5 Interest rate 6 Effective annual interest rate (compounded) 7 Savings after

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A28 COMPARING 4 SAVINGS PLANS 1,000.00 2 Savings amount 4 Option A--Bellon Bank 5 Interest rate 6 Effective annual interest rate (compounded) 7 Savings after 5 years 12.0% 9 Option B--WNC Bank 10 Interest rate 11 Effective annual interest rate (compounded) 12 Savings after 5 years 13 14 Option C-Plebian Bank 15 Interest rate 16 Effective annual interest rate (compounded) 17 Savings after 5 years 18 19 Option D-Byfus Bank 20 Interest rate 21 Effective annual interest rate (compounded) 11.0% 10.0% 11.5% 22 Savings after 5 years 23 24 25 26

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