12. Second Union Bank pays 10 percent simple interest on its savings account balances, whereas Third...

12.

Second Union Bank pays 10 percent simple interest on its savings account balances, whereas Third Street Bank pays 10 percent compounded annually. If you made a $100,000 deposit in each bank, how much more money would you earn from your Third Street Bank account at the end of 10 years?

Group of answer choices

$59,374.25

$90,625.75

$159,374.25

$190,625.75

$259,374.25

Solutions

Expert Solution

jeff jeffy answered 2 years ago

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