Answer:
The corrrect answer is -16 and +3
The answer would be a repeating decimal
Answer:
x = 3
Step-by-step explanation:
Assume $1000 at 4.9% semi-annually = <span>$1,049.60
Assume $1000 at 4.8% daily = </span><span> $1,049.17
Let's try a bigger number $50'000 </span>4.9% semi-annually<span> $52,480.01
</span> $50,000 4.8% daily = <span> $52,458.37
It's a wash, the question is how long will you be investing, that might make a difference. I calculated 12 Millions over 6 years and bank A would be the better choice. Semi-annual compounded at 4.9%</span>
T=-50 is the answer........
