Solution-What amount would Tika have at the end of the

What amount would Tika have at the end of the fifth year

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Question - Tika has $10 000 that he can deposit into a savings account for 5 years. ANZ pays compounds interest annually, Bankwest twice a year, and Bendigo quarterly. Each bank has a stated interest rate of 6 percent. What amount would Tika have at the end of the fifth year if he left all the interest paid on the deposit in each bank?

Reference no: EM132652271

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What amount would Tika have at the end of the fifth year

Reference no: EM132652271

Reference no: EM132652271

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