Problem #8: Calculating Number of Periods (3 points) You have $5,000 to invest for five years. Your first option is to earn 7.8 % compounded daily in a savings account at Kline Bank. Your second option is to invest in a five year CD at Kapital Bank where you can earn 8.1% compounded semi-annually. Your final option is unusual Bank where you can earn 9.3% simple interest on some alternative investment. What is the FV of an investment in Kline Bank? 365 2384 59 =(5000" (1+0.018,15 1345/7500 What is the FV of an investment in Kapital Bank? 7436.88 = 5000(1+0.0405)10 8.ly/2-4.052 SyVX2 = 10 yrs 5000(1+(0.093x5)) 137.325 What is the FV of an investment in Unusual Bank? Which is the best investment? kapital Bank is the best Learning 1.430.81 by wing me compound system