Mathematics, 11.02.2021 18:20, homeowkrkk

You have $15,000 to invest into a bank account. Capital One bank pays 5% interest compounded quarterly and Bank of America pays 4.5% compounded monthly. Which
bank would give you a better return for your money after 5 years and by how much?
Explain your answer.

Answers: 1

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You have $15,000 to invest into a bank account. Capital One bank pays 5% interest compounded quarte...