Two banks offer different interest rates

Two banks offer different interest rates. North Bank offers 10% compounded annually, South Bank The other offers 9.75% compounded monthly. Which is better Select one: a. North Bank O b. South Bank O c. none O d. South Bank and North Bank You expect to deposit the following cash flows at the end of years 1 through 5, $1,000: $4.000: $9,000; $5,000; and $2,000 respectively. Alternatively, you could deposit a single amount today at the beginning of year 1 (end of year O). How large does the single deposit need to be today if you can earn 10% compounded annuallye Hint: the present value today (t=0) is identical to the single cash flow amount. Someone plans on saving $5,000 a year for ten years. She would like to know the value of these savings in ten years. How should he solve this problema Select one: Select one: O a. Future value factor. O b. Present value factor. O c. Present value. O d. Compounded value.