Question $4$

The Corner Bank pays $4$ percent interest, compounded monthly, on its savings accounts.

The Uptown Bank pays $4$ percent interest, compounded quarterly, on its savings accounts.

You want to deposit sufficient funds today so that you will have $$2,400$ in your account $3$

years from today. The amount you must deposit today

a$.$ is the same regardless of which bank you choose because they both pay $4$ percent interest.

c$.$ will be greater if you invest with The Corner Bank.

b$.$ is the same regardless of which bank you choose because they both pay compound interest.

d$.$ will be greater if you invest with The Uptown Bank