Tamra is having difficulty deciding whether to put her savings in the albina community bank or in the umpqua bank. albina offers a 12% rate compounded quarterly, and umpqua offers 14% compounded semiannually. tamra has $40,000 to invest and expects to withdraw the money at the end of five years. using the tables found in your textbook, determine which one of the following is the best deal.

Umpqua Bank will give better returns.

Step-by-step explanation:

The compound interest formula is :

1. Albina bank:

p = 40000

r = 12% or 0.12

n = 4

t = 5

=>

=>

A = $72244.40

2. Umpqua bank:

p = 40000

r = 14% or 0.14

n = 2

t = 5

=>

=>

= $78686

Hence, we can see that Umpqua Bank will give better returns.

hey seth! : )

i’m not 100% sure, but i think it’s b

hope this ya : p

miss u!

- nicole

dont think so

step-by-step explanation: