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12 Nov 2018
1. You have $10,000.00 to invest for 3 years, Bank A offers an interest rate of 5% compounded annually, while Bank B offers a rate of 2% comp. annually for the first year, 4% comp. annually for the second year and 9% comp. annually for the third year. Which Bank offers a bigger return on your investment? In other words, which would be more profitable for you? A) Both are equally profitable B) Bank B C) Bank A D) Neither one E) None of the above
1. You have $10,000.00 to invest for 3 years, Bank A offers an interest rate of 5% compounded annually, while Bank B offers a rate of 2% comp. annually for the first year, 4% comp. annually for the second year and 9% comp. annually for the third year. Which Bank offers a bigger return on your investment? In other words, which would be more profitable for you? A) Both are equally profitable B) Bank B C) Bank A D) Neither one E) None of the above
Jean KeelingLv2
14 Nov 2018
