Mr Sng has just sold his car for $100,000 in cash and decides to place the money in a savings account. a. Calculate the amount he would have at the end of 2 years assuming i. Jaguar Bank offers 12% pa compounded annually ii. Lion Bank offers 12% pa compounded quarterly iii. Cheetah Bank offers 12% pa compounded monthly b. Compare your results and use them to demonstrate the relationship between compounding frequency and future value. Which bank should he select