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You have ​$10 comma 000 to invest. one bank pays 7​% interest compounded quarterly and a second bank pays 3.9​% interest compounded monthly. complete parts​ (a) and​ (b).

a. use the formula for compound interest to write a function for the balance in each bank at any time t. write a function for the balance in the first bank at any time t. choose the correct answer below.

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P = 10,000(1 + 0.07/4)^(4t)
User Rrvasanth
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