06 Question (5 points) You are considering three alternative banks in which to open a savings account. The first bank offers you an annual rate ri, and the interest is paid monthly. The second bank offers a rate r2, and the interest is paid daily. The third bank offers a rate r3, and it offers continuous compounding. Give all answers to four decimal places. v 1st attempt Part 1 (1 point) See Hint Suppose you were to save $1,000.0000 in the first bank. The interest rate is r'i = 8.0000%. Three years from now, you should have $ Part 2 (1 point) See Hint Suppose you were to save $1,000.0000 in the second bank. The interest rate is r2 = 5.0000%. Three years from now, you should have $ Part 3 (1 point) See Hint Suppose you were to save $1,000.0000 in the third bank. The interest rate is r3 = 3.0000%. Three years from now, you should have $ Part 4 (1 point) See Hint Let the interest rate in the first bank beri = 8.0000%, and you are considering saving your money for 3 years. The interest rate from the second bank that would make you indifferent between the first and second bank is r2 = Part 5 (1 point) See Hint Let the interest rate in the third bank ber3 = 3.0000%, and you are considering saving your money for 3 years. The interest rate from the first bank that would make you indifferent between the first and third bank is r =