Please help! Gage bought a new car for 29,000 to use while he is away at college. The car depreciates (decreases in value) by 11% annually. If he plans to sell the car once he graduates in four years, what will the value of the car be? Write and solve an equations for each of the following problems.

Which account has the highest effective annual interest rate? not necessary but show how you got your answer.a. account 1: interest is compounded quarterly at an annual rate of 4.20%.b. account 2: interest is compounded monthly at an annual rate of 4.15%.c. account 3: interest is compounded semiannually at an annual rate of 4.10%d. account 4: interest is compounded annually at a rate of 4.25%.