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can you answer these 3 questions 5 points Bank A offers an account paying 1.2% compounded quarterly. Bank B offers an account paying 1.1% compounded

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can you answer these 3 questions

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5 points Bank A offers an account paying 1.2% compounded quarterly. Bank B offers an account paying 1.1% compounded monthly. Which is offering a better rate? We can compare these rates using the annual percentage yield - the actual percent increase in a year . How much should be invested at an interest rate of 5.5% for 20 years to obtain the accumulated amount of $1,000,000 if the principal was compounded quarterly. (Note: Write an equation and solve it algebraically.) (5 points) At what interest rate (to the nearest 0.01%) compounded monthly must $4000 be invested for 5 years so that the accumulated amount is $5,500? (Note: Write an equation and solve it algebraically. Show all work) (5 points)

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