Mathematics, 08.02.2021 16:10 christingle2004
You start a sandwich shop that is mold free (you hope). During your first year you made an extra $5,427. You
want to put that money in a savings account so you don't accidentally spend it. There are 4 banks around you
that advertise the following interest rates. How much would you have after 15 years if you invest in each of
them?
a) 3.2% compounded quarterly
b) 3.1% compounded monthly
c) 3% compounded continuously
d) 3% compounded daily
Answers: 3
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You start a sandwich shop that is mold free (you hope). During your first year you made an extra $5,...
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