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Lia has 1000 to put in a savings account. She is choosing between two banks. Bank A offers 5% compounded quarterly and Bank B offers 5.1% compounded semiannually If Lia plans on keeping her money in a savings account for a year, which bank would pay her more interest and by how much

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6 votes
Bank B would pay her more in interest by $263
Hope this helped :)
User Amadillu
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