Question: Please help me question 2- to evaluate each option and get the best one. Thank you In all cases use the accurate formula of the

Please help me question 2- to evaluate each option and get the best one. Thank you

best one. Thank you In all cases use the accurate formula of

In all cases use the accurate formula of the relationship between the real and nominal interest rate. 2. You want to open a savings account and deposit $50, 000, and the bank offers the following rates: (a) Annual rate of 4% compounded monthly. (b) Annual rate of 4% compounded quarterly.(c) Annual rate of 3.9% continuously compounded. (d) Simple interest rate of 4.5% fixed for 5 years. You plan to keep the cash in the bank for a total of 5 years. All rates are fixed Analyze each offer and choose the best one. 3. Three banks offer the following interest rates for cash deposits: mpounded annually

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