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

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 compou class=