Mathematics, 13.02.2021 06:00 camco301

I need this ASAP plz You are looking to invest $2,000 for 5 years and you are comparing the interest rates for 2
different banks.
• Bank A offers a 3% interest rate compounded annually.
• Bank B offers a 2.9% interest rate compounded quarterly.
nt
in which bank should you invest your money? Justify your
Using the formula, A=P
conclusion.

Answers: 2

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I need this ASAP plz You are looking to invest $2,000 for 5 years and you are comparing the inter...

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