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Mathematics, 23.07.2020 02:01 HyperZ
Tristan wants to buy a car and has a choice between two different banks. One bank is offering simple interest rate of 3% and the other bank is offering a rate of 2.5% compounded annually. If Tristan decides to deposit $7000 for 40 years, which bank will be the better deal?
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Tristan wants to buy a car and has a choice between two different banks. One bank is offering simple...
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