Question
First City Bank pays 8% simple interest on its savings account balances, whereas Second City Bank pays 8% interest compound annually. Of you made a
First City Bank pays 8% simple interest on its savings account balances, whereas Second City Bank pays 8% interest compound annually. Of you made a $6,000 deposit in each bank, how much more money would you earn from your Second City Bank (comparing to the First City Bank) account at the end of 10years?
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The New Market Wizards Conversations With Americas Top Traders
Authors: Jack D. Schwager
1st Edition
0887306675, 978-0887306679
