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need help 1,2, 3, 4 & 5 You are consdering three affernative banks in which to open a savings account. The first barig offers you
need help 1,2, 3, 4 & 5
You are consdering three affernative banks in which to open a savings account. The first barig offers you an anntal rate r1. and the interest is pad monthly. The second bank offers a rate r2, and the interest is paid dally, The third bank offers a rate r-and it offers continuous compounding Give a a answers to four decimat places. 1 st attempt Part 1 (1 point) 5ubnose vou were to save $200.0000 in the first bank. The interest rate is ri=9.00000. Three vears from now. you should have $ Part.2 (1 point) Suboose you were to save $200,0000 in the second bank. The interest rate is rz=6.000Kn. Three years from now you should havn 5 Sussone vou were to save $200.0000 in the third bank. The interest fate is F. =3.0000. Three years from now. you should have 5 Part 4 . (1 point) Q 5sen Hint Let the interest rate in the first bank be r1=9.0000%, and you are considering savingyour money for 3 years. The intecest rate troin the second bank that would make you indifferent between the frist and second bank r2r2= Part 5 ( 1 point) Let the interest rate in the third bank ber; =3.00000, and you are condedering swingwouc money ioc 3 years. The inserest rate from the first bank that would make you indifferens between the first and third bankis r1= You are consdering three affernative banks in which to open a savings account. The first barig offers you an anntal rate r1. and the interest is pad monthly. The second bank offers a rate r2, and the interest is paid dally, The third bank offers a rate r-and it offers continuous compounding Give a a answers to four decimat places. 1 st attempt Part 1 (1 point) 5ubnose vou were to save $200.0000 in the first bank. The interest rate is ri=9.00000. Three vears from now. you should have $ Part.2 (1 point) Suboose you were to save $200,0000 in the second bank. The interest rate is rz=6.000Kn. Three years from now you should havn 5 Sussone vou were to save $200.0000 in the third bank. The interest fate is F. =3.0000. Three years from now. you should have 5 Part 4 . (1 point) Q 5sen Hint Let the interest rate in the first bank be r1=9.0000%, and you are considering savingyour money for 3 years. The intecest rate troin the second bank that would make you indifferent between the frist and second bank r2r2= Part 5 ( 1 point) Let the interest rate in the third bank ber; =3.00000, and you are condedering swingwouc money ioc 3 years. The inserest rate from the first bank that would make you indifferens between the first and third bankis r1= Step by Step Solution
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