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?
To get full credit, you need to answer and fully EXPLAIN how you got your answer.
Answers: 3
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