After several years of saving up all your pennies you have finally reached a total amount of $2,500. You have decided to put your money into a savings account. After an extensive amount of research, you have the following options to choose from: . Bank 1 offers a 3.45% annual interest rate compounded semiannually. . Bank 2 offers a 3.45% annual interest rate compounded monthly. . Bank 3 offers a 3.45% annual interest rate compounded quarterly. 1. Decide which bank is the best option to open a savings account for one year. Show the total amounts for each bank to justify your answer. 2. Decide which bank is the best option to open a savings account for 10 years. Show the total amounts for each bank to justify your answer. 3. How much money would you make from saving $2500 in the selected bank after 10 years