Mathematics, 08.04.2020 20:37 yariiixox

Tamra is having difficulty deciding whether to put her savings in the Albina Community Bank or in the Umpqua Bank. Albina offers a 12% rate compounded quarterly, and Umpqua offers 14% compounded semiannually. Tamra has $40,000 to invest and expects to withdraw the money at the end of five years.

A. Albina

B. Umpqua for first two years

C. Umpqua

D. Albina for last two years

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