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You are considering three alternative banks in which to open a savings account

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You are considering three alternative banks in which to open a savings account. The first bank offers you an annual rate r?, and the interest is paid monthly. The second bank offers a rate r2, and the interest is paid daily. The third bank offers a rate ry, and it offers continuous compounding. Give all answers to four decimal places.
Part 1 (1 point) X Feedback See Hint Suppose you were to save $500.0000 in the first bank. The interest rate is ri = 7.0000%. Three years from now, you should have $ * 616,462.79 Part 2 (1 point) X Feedback See Hint Suppose you were to save $500.0000 in the second bank. The interest rate is r2 = 4.0000%. Three years from now, you should have $ X 563,744.72 Part 3 (1 point) X Feedback See Hint Suppose you were to save $500.0000 in the third bank. The interest rate is r3 = 1.0000%. Three years from now, you should have $ X 515,227.27