Mathematics, 14.04.2021 16:50 cheyenneisaboss22
John decided to move $5,000 into an interest bearing savings account. Cy-Fair Bank offered him an account that pays an interest rate of 2.3% compounded monthly. Cy-Unfair Bank offered a rate of 2.3 percent compounded continuously. If John plans to leave his money in the bank for 5 years, which option maximizes John's return?
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John decided to move $5,000 into an interest bearing savings account. Cy-Fair Bank offered him an ac...
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