amount of money you need to deposit into a bank account that pays 4% annual interest, compounded (give your answers to the nearest cent) : (a) annually? $ (b) monthly? $ (c) daily (assuming 365 days in a year)? $ Answer(s) submitted: • 17096.08 • 17047.41 • 17043.03 (correct) Problem 2. (1point) You deposit $5000 into an account that earns 5% compounded annually. A friend deposits $4500 into an account that earns 4.95% annual interest, compounded continuously. Will your friend’s balance ever equal yours? If so, when? If not, enter NEVER . They will be equal in about whole year). help (numbers) Answer(s) submitted: • (incorrect) years (round to nearest Problem 3. (2points) At what rate do you need to invest money into a bank account earning continuously compounded interest if you want to double your money in 43 months? % (Note: Your answer should be accurate