Moira has $10,000 that she can deposit into a savings account for five years.Bank A compounds interest
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Question:
Moira has $10,000 that she can deposit into a savings account for five years.Bank A compounds interest annually, Bank B compounds interest twice a year, and Bank C quarterly.Each bank has a stated interest rate of 4 percent.What account balance would Moira have at the end of the fifth year if she left all the interest paid on the deposit in each bank?
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