Question: Solve both this pretty please omplete the problems. 1. University Bank pays 5% interest compounded quarterly on regular savings accounts and Rosemont Sav- ings Bank
Solve both this pretty please
omplete the problems. 1. University Bank pays 5% interest compounded quarterly on regular savings accounts and Rosemont Sav- ings Bank pays 5.5% compounded semiannually. Vasily and Oxana Cherchenko had $4,000 to invest for 4 years. Based on the interest to be earned, which bank offers the better investment? 2. If you deposit $25,000 now at 6.5% compounded quarterly, how much will you have in 30 yearsStep by Step Solution
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