John has $10,000 and he has to decide what bank account would give him the most money after 20 years. City Bank is offering a si

Question

John has $10,000 and he has to decide what bank account would give him the most
money after 20 years.
City Bank is offering a simple interest account that pays 2%.
Nation Bank is offering an account that pays 2% compounded monthly.
Federal Bank is offering an account that pays 2% compounded continuously.
Calculated and compare all three banks. Which bank should John invest his money
into?
To get full credit, you need to answer and fully EXPLAIN how you got your answer.

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Isabelle 3 weeks 2021-11-19T06:47:43+00:00 1 Answer 0 views 0

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    2021-11-19T06:48:45+00:00

    this is the dumbest question ive read all day

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