Imagine you are going to a bank to do a term deposit for 5 years. This money is for your house purchase in five years time. You are trying to shop around in order to find the best return for your money. You have $100,000 to play around. You can use Excel or Financial calculator to solve this question. 1. Bank A quotes you a rate of 5.9% APR and it is compounding annually. What is the Future Value in year 5? 2. Bank B quotes you a rate of 5.85% APR and it is compounding semi-annually. What is the Future Value in year 5? 3. Which one you would pick assuming your goal is to maximize your return