Assume $20,000 is deposited into a savings account. Bedford Bank offers an annual rate of 4% simple

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Assume $20,000 is deposited into a savings account. Bedford Bank offers an annual rate of 4% simple interest for five years. Slick Bank offers a rate of 20% simple interest for one year. Which earns more interest?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:42 AM

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Assume $20,000 is deposited into a savings account. Bedford Bank offers an annual rate of 4% simple

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Financial Algebra advanced algebra with financial applications

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