Question: i want full answer with all details whe numbers where come from and how to calculate N please all details i need it with explain

i want full answer with all details whe numbers where come from and how to calculate N please all details i need it with explain it
i want full answer with all details whe numbers where come from

You want to save save $25,000 for a down payment on a house. Bank A offers to pay 9.35% per year if you deposit $11,000 with them, while Bank B offers 8.25% per year if you invest $10,000 with them. How long will you have to wait to have the down payment accumulated under each option

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!