AliMay050
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BRAINLIEST!!!!

An investment banker is responsible for investing a customer’s money into the greatest interest earning account. The banker has the following options for his customer’s investment:

Account A:
interest rate = 8%
term of investment = 8 years
interest compounded annually Account B:
interest rate = 7%
term of investment = 10 years
interest compounding continuously
Which account, A or B, will earn the customer the greatest amount of interest on his $50,000 investment? In your final answer, include all of your calculations.

Respuesta :

Answer:

Account B

Step-by-step explanation:

Account A will give 92 thousand dollars

Account B will give 100 thousand dollars

Account B will earn the customer the greatest amount of interest.

You don't even need to do the math! 4.9 > 4.8. Investing less but for a longer period of time would give your more in your bank account.

Hope this helps!

--Applepi101

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