For liquidity purposes, a client keeps $100,000 in a bank account. The bank quotes a stated annual interest rate of 7% pa. The banks service representative explains that the stated rate is the rate one would earn if one were to cash out rather than invest the interest payments. a. With quarterly compounding, how much will you client have in his account at the end of one year, assuming no additions or withdrawals? b. With monthly compounding, how much will he have in his account at the end of one year, assuming no additions or withdrawals? c. With continuous compounding, how much will he have in his account at the end of one year, assuming no additions or withdrawals?