Kevin wishes to deposit $3,000 for a period of two years for a special purpose. After

visiting several banks and investigating his options, he has selected three plans:

A. 6.5% interest per year compounded daily

B. 6.55% interest per year compounded monthly

C. 6.6% interest per year compounded quarterly

(a) Which plan will earn Kevin the most money?

(b) How much will he lose if he chooses the worst plan?