8.0k views
3 votes
jane is having difficulty deciding wheter to put her savings in the mystic bank or in the four rivers bank. mystic offers 12% rate compaounded quarterly, and four rivers offers 14% compunded semiannually. jane has 40,000 tro invest and expects to withdraw the money at the end of five years. which is the best deal.

1 Answer

3 votes
Four rivers offers a better deal because It costs Jane much less interest as opposed to Mystic bank. 
User Cglotr
by
6.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.