You have accumulated some money from gifts, babysitting, and your paperroute. You'd like to invest $500 of it for 4 years so that you have some spendingmoney available for college. There are three different banks in your area that all pay a4.0% interest rate, but they each have a different compounding policy. At AmericanBank the interest is compounded annually, at Belmont National it is compoundedquarterly, and at Bank of Carlisle it is compounded monthly. What impact doescompounding have? Where should you invest your money?