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One bank offers you 4 % interest compounded semiannually. What would the equivalent rate be if interest were compounded quarterly? 25. A. 1.00% . 3.96%

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One bank offers you 4 % interest compounded semiannually. What would the equivalent rate be if interest were compounded quarterly? 25. A. 1.00% . 3.96% . 3.92% D. 3.98% You hawve been depositing money at the end of each year into an account drawing 8% interest. What is the balar account at the end of year four if you deposited the following amounts? 26. End of Year Deposit Year $350 1 $500 2 $725 $400 3 4 OA. $2,384 B. $1,622 C. $2,207 O D. $2,687

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