Business, 21.03.2020 02:50, dan7478

A bank is offering a simple interest rate of 5\%5%5, percent — that is, the bank will pay a fixed 5\%5%5, percent of an initial investment as interest each year. By contrast, a stock broker is offering a 4\%4%4, percent interest rate compounded annually: 4\%4%4, percent of the total value of the investment at the end of the year. If \$1000$1000dollar sign, 1000 is invested in the bank and \$1000$1000dollar sign, 1000 is invested with the stockbroker, after 444 years, what will be the total value of the two investments combined?

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A bank is offering a simple interest rate of 5\%5%5, percent — that is, the bank will pay a fixed 5\...