Worth 10 points. Due on Wednesday, April 13. No late submission will be accepted 1. Assume you have $30,000 to deposit in a bank for 6 years. Bank A compounds interest annually, Bank B compounds interest quarterly, Bank C compounds interest daily. All three banks have a stated annual interest rate of 5% (1) What amount would you have after three years, in each bank? (2) What APY (annual percentage yield) or EAR (effective annual interest rate) would you earn in each bank? (3) Based on your answers in (1) and (2), which bank should you deal with? Why? 2. How much money would you have to invest today to accumulate $100,000 after 5 years if the rate of return on your investment is 4% annually? 3. You bought Apple stock at $50 on April 1, 2019; and you sold the stock at $175 three years later on April 1, 2022. Calculate the compounded annual growth rate in Apple stock price. 4. If you earn 6% interest rate on your deposit, how long will it take for you to double your money