Question: hey can any help me with the formulas and steps to solve these? i got 1a. but now im confused 1. Suppose that you deposit

hey can any help me with the formulas and steps to solve these? i got 1a. but now im confused

1. Suppose that you deposit $860 in a bank that offers an annual percentage rate of 5.2% compoundod quarferiy a. What is your account balance after ono year? b. How long will it take to triple your monoy? c. What is the annual percentage yeld for this account? (Rocoll that the annwal porcentago yeld is the percentage change in the account for one year ) 2. Suppose that you deposit $900 in a bank that offers an anhual percontago tate of 3.8% compounded monthly. a. What is your account balance affor one year? b. What is your account balanoe atter 5 yoars? c. What is the annual porcentage yold for this account? (Rocall that the anual percentago yiekt is tho percontage change in the account for one year i) 3. Bank A is offoring a promotion on savings accounts whece you can get an APR of 4.3% compounded annually Bank B as instoad ofloting a savings account met an APR of 4.1% compounded monthly. Which account wotld be bettot in ferms of growing your money? Please provide some mathematical support for your

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