You have three options as outlined below. Which option would you choose? Why? Show your workings to explain your decision. Again, work in pairs then share/correct with your group members. OPTION 1: A bank offers you a 5% rate of return on your deposit, compounded annually. You have saved $1350 from cutting down on drinking coffee. How much will you have in your savings account in 2 years' time? OPTION 2: The bank now offers you the same 5% rate of return on your deposit, but compounded quarterly. How much will you have in your savings account in 2 years' time? Are you still earning 5% per annum? Explain! OPTION 3: What if you have an opportunity to deposit your $1350 savings in an account that pays 5% compounded continuously? How much will you accumulate in 2 years' time?