Mathematics, 14.02.2022 19:20, jwoody5495
Gail has $7,500 that she wants to put in a new savings account. She is
considering two banks that are very similar. One difference she notices
are the interest rates:
Neighborhood Bank - 1.5% interest, compounded annually
Beautiful Day Bank - 1.5% interest, compounded daily
.
Based on interest, which bank would you suggest Gail pick if she plans to
have her money in the account for 20 years and why?
Answers: 3
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Gail has $7,500 that she wants to put in a new savings account. She is
considering two banks that...
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