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Mathematics, 02.02.2021 08:20 ajam71501
After ten years, how much money would sandy have if she puts all her money in Bank βAβ?
The word problem:
Sandy has $4,500 to invest. She can choose to put the money in Bank βAβ that pays 5% interest per year compounded semi-annually (twice per year) or she can choose. Bank βBβ that pays 4.8% interest per year compounded continuously.
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After ten years, how much money would sandy have if she puts all her money in Bank βAβ?
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