(Answered) Suppose a customers house increased in value over five

Finance

Suppose a customer's house increased in value over five years from $ 150,000 to $ 250,000. What was the annual growth rate of the property value during this five-year interval? Three local banks pay different interest rates on time deposits with one- year maturities. Rank the three banks from highest to lowest in terms of the depositor's return.

Bank 1- 4.5 percent per year compounded annually

Bank 2- 4.3 percent per year compounded quarterly

Bank 3- 4.1 percent per year compounded daily

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