Mathematics, 20.11.2021 14:00 hannahboohoo120
Ryan wants to deposit $6,000 and keep that money in the bank without deposits or
withdrawals for five years. He compares two different options. Option 1 will pay 3.8%
interest, compounded quarterly. Option 2 will pay 3.5% interest, compounded continuously.
a. How much interest does Option 1 pay?
b. How much interest does Option 2 pay?
Answers: 3
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Ryan wants to deposit $6,000 and keep that money in the bank without deposits or
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