Bank On It An investor has $5000 to invest for 10 years in one of the
banks listed below. Each bank offers an interest rate that is
compounded annually.
Bank
Principal
Balance
Super Save
$1000
6 $1173.34
Star Financial $2500 3 $2684.35
Better Bank
$4000
5 $4525.63
Years
The investor chooses Better Bank because it earned over $100
per year, which is much more than the other banks earned per year.
Create a presentation to the investor explaining which bank is the best choice, based
on the given information. Include for each bank
1. a graph showing how the investment would grow over a 10-year period, and
2. the interest rate, including how you found it.