SOLUTION: Over 2 years, how much more does $2,000 in a savings account with an APR of 5.2% compound ed quarterly earn in interest than the same amount in a savings account with an APR of 4.8

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Question 1068167: Over 2 years, how much more does $2,000 in a savings account with an APR of 5.2% compound ed quarterly earn in interest than the same amount in a savings account with an APR of 4.8% compounded monthly?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
F=P%281%2Bi%29%5E%28n%29
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F%5B1%5D=2000%281%2B5.2%2F%28100%2A4%29%29%5E%284%2A2%29
F%5B1%5D=2000%281.10886%29
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F%5B2%5D=2000%281%2B4.8%2F%28100%2A12%29%29%5E%2812%2A2%29
F%5B2%5D=2000%281.10055%29
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F%5B1%5D-F%5B2%5D=2000%281.10866-1.10055%29=16.62
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$16.62