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QUESTION

You have $14,000 to invest. One bank pays 4% interest compounded quarterly and a second bank pays 6.5% interest compounded monthly. Complete parts...

your prompt help with this would be greatly appreciated.

You have $14,000 to invest. One bank pays 4% interest compounded quarterly and a second bank pays 6.5% interest compounded monthly. Complete parts [a] and (b). in. Use the fonriuta for compound interest to write a function for the balance in each bank at any time t. Write a function for the balance in the first bank at any time t. Choose the correct answer below. 0 A. A: 110110110133)“ 0 B. A: 14,14nt _ 3|0 C. A— 1101101104} 0 D. A=1xt,ill]l][fl.fl1]4|O E. A=14,non{1.c1}‘“ O F. A=14,non{n.ss}3‘ Write a function for the balance in the second bank at any time t. Choose the correct answer below. 0 A. A: 1411?? O B. A:14,[Jl2l(1.flliifi]mt O C. A: 141111011111155)12t O D. A:14,[Jl2ll[1.1t}12t O E. A: 14111101013945)6t O F. A: nonmnbussf“ b. Use a graphing utility to graph both functions in an appropriate viewing rectangle. Based on the graphs, which bank offers the better return on your money? Graph both functions. Choose the correct graph below. The graph for the first bank is blue and the graph for the second bank is pink. 0 POo:OE“Oto Eala nca (thouaanm)Eala nca [tho ua an m) Balanoa (tho ua an ca)Balanoa (tho ua an ca) Click {0 select your answer. Which bank offers the better return on your money? 0 A. The first bank offers the better return.0 B. The second bank otters the better retum.O C. There is no difference between the two ban ks.
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