- By Elias, Jack, Freer, and Ashley
1.5 % compounded annually
Video clip of Jack's Bar mitzvah
Scene 1 : Hunter (Jack) and his Mom (Morah Yedid) having a conversation. ( he has 3000 dollars for Bar Mitzvah, and he wants to save into bank and get interests)
Scene 2: the first bank ( Union bank) - Characters: Bank teller 1 (Mr.Toren), Hunter (Jack) - Hunter asks the interest rate, and explain his intention to buy a car a few years later. - Rate: 1.5 % compounded annually
Scene 3: the second bank (Wells Fargo) - (Music) - Bank teller 2 and Hunter - Brief conversation and introduction of saving accounts - Rate: half percent interest quarterly compounding
Scene 4: the third bank (Chase) - (music) - Bank teller 3 (Mr.Pro) and Hunter (Jack) - Rate: 0.25% compounded 6 times a year
Math Calculation - left part: showing the image of detailed calculation of all the three banks - right: video with Hunter (Jack) doing the math - background music
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