Mathematics, 27.10.2020 18:10 richchillnqueenz1ma
Moira plans to deposit $1000 into a bank account and leave it in the bank to gather interest for 5 years. She
researches the interest rates at two banks. Her findings are in the table below.
Bank A
Bank B
interest rate: 4%
compounded monthly
interest rate: 4%
compounded continuously
Compute the amount of money that Moira would have in Bank A after 5 years.
Answers: 1
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Moira plans to deposit $1000 into a bank account and leave it in the bank to gather interest for 5 y...
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