Mathematics, 18.03.2021 19:00 senceepoai22

You have $12,000 to invest for 7 years. Bank A pays 7% compounded monthly and Bank B pays 6.95% compounded continuously. Show which bank pays more. Show how much more.

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You have $12,000 to invest for 7 years. Bank A pays 7% compounded monthly and Bank B pays 6.95% comp...