Mathematics, 02.02.2021 08:20 pingkeara
PLEASE HELP!
Sandy has $4,500 to invest. She can choose to put the money in Bank "A" that pays 5% interest per year compounded semi-annually (twice per year) or she can choose Bank "B" that pays 4.8% interest per year compounded continuously.
After ten years,
a) how much money would Sandy have if she puts all her money in Bank "A" ? Round down to the nearest 0.01 $
b) how much money would Sandy have if she puts all her money in Bank "B" ? Round down to the nearest 0.01 $ ?
Answers: 2
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Sandy has $4,500 to invest. She can choose to put the money in Bank "A" that pays 5% i...
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