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Third City Bank pays 11.46% with simple interest on its savings accounts, while Fourth City Bank pays 11.46% but with compound interest paid quarterly If

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Third City Bank pays 11.46% with simple interest on its savings accounts, while Fourth City Bank pays 11.46% but with compound interest paid quarterly If you made a deposit of $7,000 into Third City Bank, and a deposit of $7,000 into Fourth City Bank, and were invested for eighteen years, which of the following is correct? You would have $32,062.08 more in your Fourth City Bank account. You would have $39,062.08 more in your Fourth City Bank account. You would have $32,06208 more in your Third City Bank account. be You would have the same amount in each bank You would have $27.90513 more in your Fourth City Bank account You would have $27,90513 more in your Fourth City Bank account You would have $39,062.08 more in your Third City Bank account. You would have $42,89178 more in your Fourth City Bank account You would have $26,14779 more in your Fourth City Bank account

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