Posted by **Vanessa** on Saturday, December 17, 2011 at 5:08am.

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

## Answer This Question

## Related Questions

- Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
- math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
- math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
- Finance - 7. Today you open a bank account and make a deposit of $6,000. Then ...
- math - I have been staring at this problem forever, and cant seem to dig it up ...
- calculus - Suppose $5000 is deposited in a bank account that compounds interest ...
- math - compare the annual percentage yield for three banks. Bank 1 offers an APR...
- math - Suppose $5000 is deposited in a bank account that compounds interest four...
- math - Suppose $5000 is deposited in a bank account that compounds interest ...
- math - you are looking for a safe place to put 30,000.00 for one yr. Bank A ...

More Related Questions