Question
. Suppose you deposit 5746 dollars into two different bank accounts. Account A earns an annual simple interest rate of 9%. Account B earns an
.
Suppose you deposit 5746 dollars into two different bank accounts. Account A earns an annual simple interest rate of 9%. Account B earns an annual interest rate of 9% compounded weekly. After 8 years, how much more money interest did you earn in Account B than you did in Account A?
P.S. 1 year is 52 weeks
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The Handbook Of Loan Syndications And Trading
Authors: Marsh, Lee Shaiman, Bridget Marsh
2nd Edition
1264258526, 978-1264258529
