Christine has $500 to deposit in a savings account, and she is trying to decide between two banks. bank a offers 10% annual interest compounded quarterly.
rather than compounding interest for smaller accounts, bank b offers to add $15 quarterly to any account with a balance of less than $1,000 for every quarter, as long as t
here are no withdrawals. christine has decided that she will neither withdraw, nor make a deposit for a number of years. develop a model that will christine decide which bank to use.