Question: You plan to deposit $ 1 0 , 0 0 0 in a savings account and leave the money for at least 5 years. You

You plan to deposit $10,000 in a savings account and leave the money for at least 5 years. You found the following offers:
- Bellon Bank is offering 4% compounded once per year
- WNC Bank is offering 3.9% compounded twice per year
- Byfus Bank is offering 3.95% compounded monthly
- Reginald Bank is offering 3.92% compounded daily
Use APR and EAR Which bank is the best choice?
How much money would you have after fifteen years in each of these accounts?
Plot the growth of $10,000 over 15 years at each rate on the same graph.

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