Question: Please show excel formulas/functions Compounding (20 points) Part A: You are looking to save $1000. You have four options: Bank A is offering a 13%

 Please show excel formulas/functions Compounding (20 points) Part A: You are

looking to save $1000. You have four options: Bank A is offering

Please show excel formulas/functions

Compounding (20 points) Part A: You are looking to save $1000. You have four options: Bank A is offering a 13% stated annual interst rate, compounded twice a year. Bank B is offering a 11% stated annual interest rate compounded quarterly. Bank C is offering a 10.5% stated annual interest rate compounded daily (assume 365 days). And Bank D is offering a 11.5% stated annual interest rate compounded continuously. What will you have at the end of 5 years under each alternative? Part B: Suppose you had an investment grow from $1000 to $3735 over three years. What was your total growth rate? What was your discretely compounded annual rate of return? What was your continuously compounded annual return

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