Homework Help: math

Posted by Vanessa on Friday, December 16, 2011 at 5:14pm.

You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at the end of the year and recommend.

No one has answered this question yet.

Answer this Question

Related Questions

math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
Finance - 7. Today you open a bank account and make a deposit of $6,000. Then ...
Accounting - . Classify the following items as (a) an addition to the bank ...
math algebra - Mrs. martinez has $10,000 to invest.One bank offers her a return ...
Math - ABC Bank offers a savings account with 4.5% compounded quarterly. Find ...
Pre-Calculus - . Margaret is planning to invest up to $22,000 in ...
Finite Mathematics - Jessica wants to accumulate $14,000 by the end of 5 yr in a...
math - On November 1,2009, Broom Company received a bank statement that showed a...

For Further Reading

First Name:
School Subject:
Answer: