Question
First City Bank pays 7.2% simple interest on its savings account balances, whereas Second City Bank pays 7.2% interest compounded annually. If you made a
First City Bank pays 7.2% simple interest on its savings account balances, whereas Second City Bank pays 7.2% interest compounded annually. If you made a deposit of $4,300 in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years?
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
