You have $1,200 to invest, and are looking at different investment options: -Bank of Lane Tech offers a savings account that pays 4.125% interest, compounded quarterly.
-Tennison Investments offers an account that pays 4.12% interest, compounded continuously.

Answer the following questions about the accounts:

1. How much money would be in each account after 3 years?

2. After 4 years, which account(s) would let you afford the Italian vacation you want to take, which you
estimate will cost you $1,420? Both? Neither? Only one (which one)? Show your work.