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Danielle has two interest rates to choose from to invest her inheritance of $5,000. BANK A: 2.75% compounded monthly; BANK B: 3.25 compounded semi-annually Complete Danielle…

Danielle has two interest rates to choose from to invest her inheritance of $5,000. BANK A: 2.75% compounded monthly; BANK B: 3.25 compounded semi-annually Complete Danielle…
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Danielle has two interest rates to choose from to invest her inheritance of $5,000.

BANK A: 2.75% compounded monthly; BANK B: 3.25 compounded semi-annually

Complete Danielle's work to find the better return after 10 years.

User Moniba
by
8.2k points

1 Answer

1 vote

Answer:

Bank B had the better return after 10 years.

Explanation:

Danielle has two interest rates to choose from to invest her inheritance of $5,000. BANK-example-1
User Yuklia
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