Suppose you have $5,000 to invest for the next 40 years. You are given 3 choices on where to invest your money.

Account #1	12.20% compounded weekly
Account #2	12.18% compounded daily
Account #3	12.16% compounded continuously

Calculate the APR (assume P=$100, t=1 year) for each account. Round to 2 decimal places, in percent form.

	APR
Account #1	%
Account #2	%
Account #3	%

SHOW WORK BELOW:

Based on your calculations, which account will you invest your $5,000? Why? How much money will you have after 40 years in the account that you have chosen? How much in total interest will you gain? In other words, from $5,000, by how much did your money increase?