Mathematics, 01.12.2020 19:30 LanBon02

Roger needs to invest $550 in a savings account for 10 years to pay for his son's college expenses. Roger has to decide between two savings account options. Bank 1 offers 3.9% interes
compounded semi-annually. Bank 2 offers 4% compounded annually. How much money would
Roger have if he invested in Bank 1? How much money would Roger have if he invested in
Bank 2?

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