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On July 1, 2001, a savings account has $1000. This account earns interest at an annual rato of 4.5% compounded continuously A conpeting bank is

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On July 1, 2001, a savings account has $1000. This account earns interest at an annual rato of 4.5% compounded continuously A conpeting bank is attempting to attract new customers by offering to add $25 immediately to any new account opened with a minimum $1000 deposit and the now account would earn interest at the annual nite of 4.5% compounded semiannualy. To choose one of the folowing three options on duly 1, 2001, find the accumulated amount on July 1, 2003, for each opton in parts (a) trough (c) below. (a) Leave the money at the first bank The acoumulated amount is $ (Do not round unti the final answer. Then round to the nearest cent as needed.) (b) More the money to the competing bank. The accumulated amount is 5 (Do not round unta the final answer. Then round to the nearest cent as needed.) (c) Leave hat the money at the fint bank and move the other hat s the competing bank The acoumblated amount is ? (Do not round usia the faal answer, Then round to the nearest cent as needed) On July 1, 2001, a savings account has $1000. This account earns interest at an annual rato of 4.5% compounded continuously A conpeting bank is attempting to attract new customers by offering to add $25 immediately to any new account opened with a minimum $1000 deposit and the now account would earn interest at the annual nite of 4.5% compounded semiannualy. To choose one of the folowing three options on duly 1, 2001, find the accumulated amount on July 1, 2003, for each opton in parts (a) trough (c) below. (a) Leave the money at the first bank The acoumulated amount is $ (Do not round unti the final answer. Then round to the nearest cent as needed.) (b) More the money to the competing bank. The accumulated amount is 5 (Do not round unta the final answer. Then round to the nearest cent as needed.) (c) Leave hat the money at the fint bank and move the other hat s the competing bank The acoumblated amount is ? (Do not round usia the faal answer, Then round to the nearest cent as needed)

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