You place $4,000.00 in a bank account with an interest rate of 5.25% APR and another $2,000.00

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You place $4,000.00 in a bank account with an interest rate of 5.25% APR and another $2,000.00 in an account with an interest rate of 6.00% APR.

a. How much interest will be earned for each account on the original principal in 6 months?

b. what is the difference in the amount of interest earned?

c. which account has your money working for your best?

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Dec 28, 2023 01:42 AM

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You place $4,000.00 in a bank account with an interest rate of 5.25% APR and another $2,000.00

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Fundamentals Of Corporate Finance

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