Question

Two banks are running promotions on savings accounts in anticipation of higher interest rates in the future.

Answer 1

Answer:

First Federal Bank is best

Step-by-step explanation:

First national bank gives:

$5,449.03 after 4 years being compounded annually at a rate of 2.15%

First federal bank gives:

$5,468.12 after 4 years at a rate of 2.25%

Please let me know if I did anything wrong. I will immediately fix my mistakes :)