jane is having difficulty deciding whether to put her savings in the mystic bank or in the four rivers bank. mystic offers a 12% rate compounded quarterly, and four rivers offers 14% compounded semiannually. jane has $40,000 to invest and expects to withdraw the money at the end of five years. the better deal is:

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02-11-2022
Business

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jane is having difficulty deciding whether to put her savings in the mystic bank or in the four rivers bank. mystic offers a 12% rate compounded quarterly, and four rivers offers 14% compounded semiannually. jane has $40,000 to invest and expects to withdraw the money at the end of five years. the better deal is:

Sagot :

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