CPM Homework Help : CALC Problem 5-124

Step (a):

$50\left(1+\frac{0.055}{2}\right)^1=\underline{\ \ \ \ \ \ }$

Hint (b):

Refer to hint in part (a).

Hint (c):

$\text{investment }\left(1+\frac{\text{rate}}{\text{times compounded}}\right)^{12}=\underline{\ \ \ \ \ \ }$

Hint (d):

Refer to hint in part (c).

Hint (e):

Refer to hint in part (c).

Hint (f):

Which Piggy Bank plan would you choose?