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1. Fifty years ago, your grandparents opened two savings accounts and deposited $400 in each account one time deposit). The first account was with The
1. Fifty years ago, your grandparents opened two savings accounts and deposited $400 in each account one time deposit). The first account was with The Uptown Bank that pays interest at 5% compounded quarterly. The second account was with The Downtown Bank at 5.2% compounded semi-annually. Which bank account will have more money today? Show your work.
1. Fifty years ago, your grandparents opened two savings accounts and deposited $400 in each account one time deposit). The first account was with The Uptown Bank that pays interest at 5% compounded quarterly. The second account was with The Downtown Bank at 5.2% compounded semi-annually. Which bank account will have more money today? Show your work.
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Authors: Author
2nd Edition
1264152000, 9781264152001
