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Two banks are offering different investment opportunities. Bank A offers an account that pays 3.9285% interest compounded monthly. Bank B offers an account that pays
Two banks are offering different investment opportunities. Bank A offers an account that pays 3.9285% interest compounded monthly. Bank B offers an account that pays 3.9375\% interest compounded quarterly. Determine the APY for each to decide which bank is offering a better investment account. Round your answers to 4 decimal places. Enter your answers with 4 decimal places (using zeros if needed) and don't forget to include a percent sign, \%, in your answers. APY for Bank A= APY for Bank B = Which bank is offering the better investment account? Hint Bank A Bank B Question Help: Video 1 Video 2 Message instructor
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