Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rivers Bank. Mystic offers a 12% rate compounded quarterly while Four Rivers offers 14% compounded semiannually. Jane has $40,000 to invest and expects to withdraw the money at the end of 5 years. (Use the tables in the textbook or handbook) The best deal is:.
A. Four Rivers.
B. Four Rivers for the first 2 years.
C. Mystic
D. Mystic for the last 2 years.
Answers: 2
Business, 21.06.2019 17:00, eliezer25
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Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rive...
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