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Sara has $4,000 that she can invest in any of three savings accounts for a 6-year period. Bank (A) compounds interest on an annual basis,
Sara has $4,000 that she can invest in any of three savings accounts for a 6-year period. Bank (A) compounds interest on an annual basis, bank (B) compounds interest each semiannual, and bank (C) compounds interest each quarter. All three banks have a stated annual interest rate of 8%. (Grades 4) A. What amount would Ms. Sara has at the end of the 6-year, leaving all interest paid on deposit, in bank (C)?
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