Mathematics, 02.02.2021 02:10 hadilalhjajih
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% in...
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