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A bank agrees to pay an eair interest of 5.25 % annually. The bank across the street agrees to pay 5.15% annually compounded quarterly. I deposit 10,000 in each bank. When I go back a year later how much $ do I have in each account
Bank 1 10,300 -----Bank 2 10,400
Bank 1 10,525 ------ Bank 2 10,525
Bank 1 10,600-----Bank 2 10,525
Bank 1 11,000 ----Bank 2 11,000
May 24 2018 View more View Less
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