Question: For 2 question please explain both the parts(a and b) Homework: Chapter 9: Compound Interest - FV Score: 0 of 1 pt 4 of 5

For 2 question please explain both the parts(a and b) Homework:

Chapter 9: Compound Interest - FV Score: 0 of 1 pt 4

For 2 question please explain both the parts(a and b)

Homework: Chapter 9: Compound Interest - FV Score: 0 of 1 pt 4 of 5 (0 cc 9.2b Find the future value of the following investment. Nominal Rate Frequency of Conversion Principal Time $8870.00 2.5% quarterly 1 years The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Man Homework: Chapter 9: Compound Interest - FV Score: 0 of 1 pt 5 of 5 (0 complete) 9.2e The Continental Bank advertises capital savings at 7.2% compounded semi-annually while TD Canada Trust offers premium savings at 7.13% compounded monthly. Suppose you have $2500 to invest for two years (a) Which deposit will earn more interest? (b) What is the difference in the amount of interest? (a) The savings account will earn more interest

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