Mathematics, 22.02.2021 03:30 fredvales19
Gareth has $2,000 to invest. Putting the money in a savings account at his local bank will earn him 2.2% annual
interest and gives him the ability to make ATM withdrawals from that bank's ATMs. Putting the money in an online
savings account will earn him 4.85% annual interest, but he will be charged $3 every time he makes an ATM
withdrawal. Assuming that Gareth's ATM withdrawals do not affect the amount of interest he earns, roughly how many
ATM withdrawals must Gareth make every year for the local savings account to be a better deal than the online
savings account?
a.
B
D
14
C.
18
d.
25
Answers: 2
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Gareth has $2,000 to invest. Putting the money in a savings account at his local bank will earn him...
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