In BUS$1212$ Financial Math you are in Group $2($Learning Outcome $2)$ for the Applied Activity Video Presentation worth $20\%$ of your grade. I have attached the instructions and rubric of the assessment and you can view the question you must solve and teach below. The due date of the Applied Activity Video Presentation LO$2$ is June $12$th at $11$:$59$ pm$.$

Question:

Different banks are offering different rates on a $$\{$A$\}$ principal. Scotia Bank says he will have $$\{$B$\}$ after three years if he invests with them using quarterly compounding. National Bank says he would have $$\{$C$\}$ after three years using monthly compounding. What nominal and effective rates are being offered by each bank?

$\{$A$\}$

$\{$B$\}$

$\{$C$\}$

quarterly

monthly

$$15,000$

$$17,203\mathrm{.}50$

$$17,117\mathrm{.}48$

$4$

$12$