Question: Derek can deposit $ 2 9 8 . 0 0 per month for the next 1 0 years into an account at Bank A .
Derek can deposit $ per month for the next years into an account at Bank The first deposit will be made next
month. Bank A pays and compounds interest monthly. Derek can deposit $ per year for the next
years into an account at Bank B The first deposit will be made next year. Bank B compounds interest annually. What rate
must Bank B pay for Derek to have the same amount in both accounts after years?
Answer format: Percentage Round to: decimal places Example: sign required. Will accept decimal
format rounded to decimal places ex:
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