You deposit $175,000 in a savings account. The APR (Annual Percentage Rate) is 6%. Calculate the following: a. Assuming that the interest is compounded once a year, what is the amount accumulated after ten years? b. Assuming that the interest is compounded every month, what is the amount accumulated after ten years? c. Assuming that the interest is compounded every day, what is the amount accumulated after ten years? d. What is the observed effect of compounding at a higher frequency on the amount of money accumulated? Explain.