Examlex

Solved

Jeanne Has Just Graduated from High School and Has Received

question 52

Essay

Jeanne has just graduated from high school and has received an award for $5,000. She would like to deposit the money in an interest earning account until she graduates from college bank B pays 8 percent interest compounded semiannually. Which is the better offer, and how much will Jeanne have upon graduation from college?


Definitions:

Related Questions