ou deposit $500,000 into a bank account that pays you 6% annual rate compounded monthly. a) (1 point) How much money you will have in your account in 1 year? Round your answer to the nearest dollar b) (1 point) How soon your balance will grow to $1,000,000? Keep at least 2 decimal digits. c) (2 points) Repeat questions (a) and (b) assuming that the rate is continuously compounded