Mathematics, 08.04.2020 21:38 dndndndnxmnc
Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rivers Bank. Mystic offers a 12% rate compounded quarterly, and Four Rivers offers 14% compounded semiannually. Jane has $40,000 to invest and expects to withdraw the money at the end of five years. (Use the tables in the handbook.) The best deal is:
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Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rive...
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