You can choose to deposit an inheritance from your grandmother of $11,500 in either of two banks for 5 years. Bank A pays 4.95% compounded continuously or Bank B pays 5% compounded quarterly. Which pays

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asked Dec 27, 2021 74.8k views

3 votes

You can choose to deposit an inheritance from your grandmother of

$11,500 in either of two banks for 5 years. Bank A pays 4.95%
compounded continuously or Bank B pays 5% compounded quarterly.
Which pays the most? Show how much more

Mathematics
middle-school

Hbejgel asked

by Hbejgel

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1 Answer

3 votes

Answer:

bank A pays the most interest

Rosangel answered Jan 1, 2022

by Rosangel

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