Haylee is considering investing $3500 into the bank. Bank A offers 2.25% interest rate compounded quarterly. Bank B offers 4.75% interest compounded monthly. Which Bank should
Haylee use to invest her money and how much would she have in the account after 10 years, if
she did not deposit more money or make a withdrawal.
She should go with Bank A, she will receive $1242.41 more at Bank A
She should go with Bank B, she will receive $1242.41 more at Bank B
She should go with Bank A, she will receive $1194.64 more at Bank A.
She should go with Bank B, she will receive S1194.64 more at Bank B.