Step 3: Answers is needed

Scenario. To avoid the summer heat, you have decided to build a pool in the middle of Parliament HIll. Armed with your trusty shovel, you begin to dig a hole in a nice patch of grass. About two feet down, your shovel hits something hard. You've found a chest with $25000 in it! It's now up to vou to determine which bank you want to create a new savings account with. Step 2: Calculations Using the savings accounts you found above, calculate how much interest you would collect after one year of saving CIBC TD BANK . RBC [ = Prt I = Prt [= 25000 (0-001)(1) 1 = 25000 ( 0. 70) (1) 1 : 25000 (0. 010) (1) [: 25 J= 17500. 1: 250 Step 3: Decision Time Choose one of your accounts to go forward with. Why did you choose this account? Using the account you selected, determine how long it would take for you to save $50000 without making any other payments