5. Sam has $10,000 that he can deposit at any three savings accounts for 3-year period. Bank A compound interest at annu

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5 Sam Has 10 000 That He Can Deposit At Any Three Savings Accounts For 3 Year Period Bank A Compound Interest At Annu 1 (26.46 KiB) Viewed 45 times

5. Sam has $10,000 that he can deposit at any three savings accounts for 3-year period. Bank A compound interest at annual basis, bank B compound interest semi-annually, and bank C compounds interest quarterly. All three banks stated annual interest rate of 4%. What future value would Sam have at the end third year from a) Bank A b) Bank B and c) Bank C?