Sberbank Bank pays 9 percent simple interest on its savings account balances, whereas Gazprombank Bank...
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Sberbank Bank pays 9 percent simple interest on its savings account balances, whereas Gazprombank Bank pays 9 percent compounded annually. If you deposited $36,000 in each bank, how much more money would you earn from the Gazprombank Bank account at the end of 4 years?
Sberbank Bank pays 9 percent simple interest on its savings account balances, whereas Gazprombank Bank pays 9 percent compounded annually. If you deposited $36,000 in each bank, how much more money would you earn from the Gazprombank Bank account at the end of 4 years?
Please illustrate a timeline with all your variables, calculations, and formulas. Spasibo
Please show me the formula you used for the problem thanks in advance.
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