Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.

c$1.$ What is the effective annual yield for alternatlve $($a$)$ where interest is compounded annually? $($Hint: Consider the fulure value of each deposit after one year only.$)$

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places.

c$2.$ What is the effective annual yleld for alternative $($b$)$ where interest is compounded quarterly? $($Hint: Consider the future value of each deposit after one year only.$)$

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places. c$3.$ Which alternative is belter?

$\backslash$table$[[$a$.$ Fulure value $-$ annual compounding$],[$b$.$ Future valuo $-$ quartenty compounding$],[$c$1.$ Eflective annual yield $-$ annual compounding$],[$C$.$ Effective annual yield $-$ quarterly compounding$],[$c$3$ Better alternative$]]$