1. You decide to invest $15000 into a bank account that that is compounding its interest monthly. Assuming the bank...
musck21. You decide to invest $15000 into a bank account that that is compounding its interest monthly. Assuming the bank is paying out an interest rate of the current prime rate - 1% (In the event that prime - 1% is less than 1%, use 1%), and the investment is for 5 years
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