Bank #1 offers a 4% simple interest to all its depositors. Bank #2 offers also a 4% interest, but it has annual compounding. Conceptual questions: - If you deposit your money for a number of years, which of these two banks would you choose? Your answer: - Now, why is that? Your answer: Now, let's calculate! Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, \$10,000.23. - So, if you deposit $6,000 today, and leave it in the account for 20 years, how much will you have at the end of 20 years in Bank #1? Your answer: - If, instead, you choose Bank #2, how much will you have in 20 years? Your