Question: What is the difference between these two quesiton. please explain in detail and solve them. (this question is from Engineering economy) If $500 were deposited

What is the difference between these two quesiton. please explain in detail and solve them. (this question is from Engineering economy)

What is the difference between these two quesiton. please explain in detail

If $500 were deposited in a bank savings account, how much would be in the account 1 year from now if the bank paid 6% interest, compounded quarterly? vs Per-Period Interest Rate o Ii $500 were deposited in a bank sans accouni, how much would be in the account 1 year from now if he bank palid ( % in 'cres : per comp)()unding period, compounded quarterly

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