John has $10,000 and he has to decide what bank account would give him the most
money after 20...
Mathematics, 05.05.2020 04:34 ndnx
John has $10,000 and he has to decide what bank account would give him the most
money after 20 years.
City Bank is offering a simple interest account that pays 2%.
Nation Bank is offering an account that pays 2% compounded monthly.
Federal Bank is offering an account that pays 2% compounded continuously.
Calculated and compare all three banks. Which bank should John invest his money
into?
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