Question
Triple Town Bank pays 3.8 percent simple interest on its savings accounts. Doubleton Bank pays 3.5 percent interest, compounded annually on its savings accounts. Sixteen
Triple Town Bank pays 3.8 percent simple interest on its savings accounts. Doubleton Bank pays 3.5 percent interest, compounded annually on its savings accounts. Sixteen years ago, Jake invested $2,000 in each bank. What is the difference, if any, in his account balances today?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
