How much will you have after eight years

Reference no: EM133251566

Question - 7 years ago, you invested $1,891 in a 15-year savings account at Bank A. Bank B - which offers 1.3times the rate that Bank A offers - is offering new customers a 10% cash bonus when they switch from other banks. The current balance in your savings account at Bank A is $2,936.39. You decide to withdraw the entire balance from Bank A and put the amount and the cash bonus in Bank B's savings account. How much will you have after 8 years?

Reference no: EM133251566

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