Question: answer for 10 & 11 Question 10 1 pts You are considering two investment opportunities. An account at First National Bank will pay 3.2% compounded
Question 10 1 pts You are considering two investment opportunities. An account at First National Bank will pay 3.2% compounded annually, whereas an account at Second National Bank will pay 5.9% compounded annually. If you deposit $670 dollars for 5 years, how much more interest will you earn by depositing in Second National Bank? Enter Your result to two decimal places (Ex: 123.45) Question 11 1 pts 6 years ago Mare's Ferrari Driving Company purchased a 612 Scaglietti for $ 334,902. Today the car was sold for 313,169. What rate of return did Marc's Ferrari Driving Company eam (enter your response as a percentage with 2 decimal places, ex: 12.34 instead of 0.1234)
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