3-74. Peggy Sue was left $50,000 by her uncle. She has decided to put it into a savings ac- count for the next year or so. She finds that there are three different interest rates at sav- ihgs...

someone solve this but not use excel

Extracted text: 3-74. Peggy Sue was left $50,000 by her uncle. She has decided to put it into a savings ac- count for the next year or so. She finds that there are three different interest rates at sav- ihgs institutions: 5%% compounded annually.


Extracted text: 54% compounded quarterly, and 5%% com- pounded continuously. She wishes to select the savings institution that will give her the highest return on her money. What interest rate should. be selected? :