Continuous growth help...math people!!! THANKS!?

Ok,

so these two I%26#039;m confused on too...it%26#039;s for a PRE-test so it%26#039;s worth really nothing

29. Rank the following three bank deposit options from best to worst.

-Bank A: 7% compounded daily

-Bank B: 7.1% compounded monthly

-Bank C: 7.05% compunded continuously

LASTLY

28.

Three different investments:

a) Find the balance of each of the investments after the 2 year period.

b) rank them from best to worst in terms of rate of return. (PLEASE EXPLAIN WHY ALSO!!!...thanks!)

-A. $875 deposited at 13.5% per year compounded daily for 2 yrs.

-B. $1000 deposited at 6.7% per year compounded continuously for 2 years.

-C. $1050 deposited @ 4.5% per year compounded monthly for 2 yrs.

Please show all work so that i understand it. Thanks!

Continuous growth help...math people!!! THANKS!?cheap loans

Formula for APR is (1 + R/P)^P, continuous is e^R.

R is rate in decimals, and P is the period, assume 360 for daily.

28) $875 =%26gt; 1146.16, $1k =%26gt; 1143.39, $1050 =%26gt; 1148.69

b) A, B, C

29) Clearly it is not A. C would beat A. So it%26#039;s down to C or B

And the APR of B is bettter

A = 7.25, B = 7.34, C = 7.3

So it%26#039;s BCA

Continuous growth help...math people!!! THANKS!?

loan

C, A, B, then idk