You have 5000 to deposit regency bank offers 15 percent per


You have $5,000 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent per month), while King Bank offers 15 percent but will only compound annually.

How much will your investment be worth in 20 years at Regency Bank?

How much will your investment be worth in 20 years at King Bank?

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Financial Econometrics: You have 5000 to deposit regency bank offers 15 percent per
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