Mathematics, 10.09.2021 05:20 DominaterDreemurr

University Bank pays 6% interest compounded quarterly on regular savings accounts and Rosemont Savings Bank pays 6.0% compounded somiannually. Vasily and Oxana Cherchenko had $4,000 to invest
for years. Based on the interest to be carned, which bank offers the better investment?

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University Bank pays 6% interest compounded quarterly on regular savings accounts and Rosemont Savings Bank pays 6.0% compounded somiannually. Vasily and Oxana Cherchenko had $4,000 to invest for years. Based on the interest to be carned, which bank offers the better investment?

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University Bank pays 6% interest compounded quarterly on regular savings accounts and Rosemont Savings Bank pays 6.0% compounded somiannually. Vasily and Oxana Cherchenko had $4,000 to invest
for years. Based on the interest to be carned, which bank offers the better investment?