Business, 18.02.2020 17:26 yasmin7740
You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Second National Bank will pay you an annual interest rate of 10. How many fewer years must you wait for your account value to grow to $13,900 at Second National Bank?
a. 1.06 years
b. 1.08 years
c. 1.40 years
d. 1.17 years
e. 1.32 years
Answers: 2
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You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Seco...
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