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a ) A bank wants to increase deposits and is looking to increase their savings interest rate to achieve this goal. The bank wants to
a A bank wants to increase deposits and is looking to increase their savings interest rate to achieve this goal. The bank wants to raise $ through this program and is willing to pay to achieve the goal. The bank expects to reduce this introductory offer in years and thus all depositors will remove their funds from their account. How much will they have to pay out in interest to achieve their goal?
b A bank wents to increase deposits and is looking to increase their savings interest rate to achieve this goal. The bank wahts to raise $ through this program and is willing to pay to achieve the goal. How long could the banks keep the accounts active before paying $ in interest?
c A bank wants to increase deposits and is looking to increase their savings interest rate to achieve this goal. What interest rate could the bank pay if they wanted to pay $ in interest in X years?
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