Harrison and Sherrie are making decisions about their bank accounts. Harrison wants to deposit $200 as a principle amount, with an interest of 2% compounded quarterly. Sherrie wants to deposit $200 as the principle amount, with an interest of 4% compounded monthly. Explain which method results in more money after 2 years. Show all work.Identify the 17th term of a geometric sequence where a1 = 16 and a5 = 150.06. Round the common ratio and 17th term to the nearest hundredth.
1.) a17 ≈ 123,802.31
2.) a17 ≈ 30,707.05
3.) a17 ≈ 19,684.01
4.) a17 ≈ 216,654.05