### Home > CALC3RD > Chapter Ch5 > Lesson 5.3.2 > Problem 5-124

5-124.

Suppose you deposit

After

months if the interest is compounded twice a year? After

year if the interest is compounded twice a year? Refer to hint in part (a).

After

year if the interest is compounded monthly? After

years if the interest is compounded monthly? Refer to hint in part (c).

After

years if the interest is compounded daily? Refer to hint in part (c).

Why is your answer to part (e) larger than your answer to part (d)?

Which Piggy Bank plan would you choose?