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Third City Bank pays 12.22% with simple interest on its savings accounts, while Fourth City Bank pays 12 22% but with compound Interest pald semi-annually

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Third City Bank pays 12.22% with simple interest on its savings accounts, while Fourth City Bank pays 12 22% but with compound Interest pald semi-annually (both rates are APR). If you made a deposit of $15.000 into Third City Bank, and a deposit of $17,000 into Fourth City Bank, and were invested for thirteen years, which of the following is correct? Multiple Choice You would have 543.000 04 more your Third Cly Bank account You would have $26 099.04 more in your Fourth City Bank account You would have the same months

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