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Third City Bank pays 12.42% with simple interest on its savings accounts, while Fourth City Bank pays 12.42% but with compound Interest pald quarterly (both
Third City Bank pays 12.42% with simple interest on its savings accounts, while Fourth City Bank pays 12.42% but with compound Interest pald quarterly (both rates are APR) If you made a deposit of $11.000 Into Third City Bank, and a deposit of $13,000 into Fourth City Bank, and were invested for seventeen years, which of the following is correct? Multiple Choice You would have $38,768 88 more in your Fourth City Bank account. You would have $40.040.25 more in your Fourth City Bank account You would have $60.537.91 more in your Fourth City Bank account ME GE
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