asked 153k views
1 vote
Ms. Flores is trying to invest her money. Bank of America offers a 2.25% interest rate, while Wells Fargo offers 2.8%. Both

banks compound interest annually. If Ms. Flores wants to set up a new account with $5,000, how much more money will
she earn at Bank of America over Wells Fargo after 25 years?

1 Answer

4 votes

Answer: $1251.63

Explanation:

answered
User Pavel Machyniak
by
7.3k points
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