You are saving to buy a $188,000 house. there are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent. how long will it take your initial $105,000 investment to reach the desired level at first bank, which pays simple interest? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) number of years how long will it take your initial $105,000 investment to reach the desired level at second bank, which compounds interest monthly?
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You are saving to buy a $188,000 house. there are two competing banks in your area, both offering ce...
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