Sally has $4,500 that she wants to invest in a simple savings account for three and a half years. She finds one bank offering an annual interest rate of 2.75% compounded monthly, and another bank offering an annual interest rate of 2.7% compounded daily. Which bank should she choose to make the most money?

Answer rating: 100% (QA)

To determine which bank will allow Sally to make the most money we need to calculate the final amoun... View the full answer