Joe just graduated from College and has found a nice job. As a graduation gift his father gave him exist5000 as seed money for a down payment for a condominium that Joe plans to purchase in three years. Joe wants to invest his exist5000 into a savings account that gives him the best rate. Bank A has an interest rate of 6.02% compounded quarterly. Bank B has an interest rate of 6% compounded monthly. Which bank's savings account should Joe go with so that he can earn the most money at the end of the three years? Since Joe plans to buy a condominium in three years, he needs to save more money for the down payment. Joe goes to Bank B and wants to open another savings account where he plans to deposit exist400 every month. This account also pays 6% compounded monthly. How much money will he have saved at the end of three years in this account