Question
1. PNC Bank pays 5% simple interest on its savings account balances, whereas First Niagara Bank pays 5% interest compounded annually. If you made a
1. PNC Bank pays 5% simple interest on its savings account balances, whereas First Niagara Bank pays 5% interest compounded annually. If you made a deposit of $20,000 in each bank, how much money would you earn from both bank accounts at the end of 10 years?
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Finance
Authors: Ehsan Nikbakht, A A Groppelli
6th Edition
0764147595, 9780764147593
