3. (10 pts) Pete has been checking out various interest rates and is confused because all of the different terms that different financial institutions use. For each of the following terms, state (where applicable) the corresponding values of i, c, and is a. A credit card offered an 18% APR for regular purchases, with monthly compounding. 1 b. A bank offered a 1.25% APY on a savings account where compounding occurs quarterly. 1 = Ta C.A credit union offered a certificate of deposit paying 2.5% interest, compounded continuously ra I 3. (10 pts) Pete has been checking out various interest rates and is confused because all of the different terms that different financial institutions use. For each of the following terms, state (where applicable) the corresponding values of i, c, and is a. A credit card offered an 18% APR for regular purchases, with monthly compounding. 1 b. A bank offered a 1.25% APY on a savings account where compounding occurs quarterly. 1 = Ta C.A credit union offered a certificate of deposit paying 2.5% interest, compounded continuously ra