There are two scenarios. You are investing $620 initially for five years. The first bank, Unity trust bank is offering an account with an interest rate of 5% compounded quarterly. The second
Bank, community bank offers an interest rate of 4.8% compounded monthly
A. Set up and solve for how much money will be in each account after five years.
B. How much faster will unity trust bank reach $2000 than Community bank? This must be determined using logs. Show all work
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