Bank a compounds quarterly and bank b compounds, Financial Management

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Bank a compounds quarterly and bank b compounds

Dr. Rubin plans to invest $10,000 annually for three years. Two banks offer a 3 percent interest rate, but Bank A compounds quarterly and Bank B compounds semiannually. To what value would his money grow in each of the two banks? Which bank would you recommend? PLEASE Provide EXCEL spreadsheet work (showing formulas/fucntions), you can take a screenshot of this and post, it has been done before by others on this format.

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Financial Management: Bank a compounds quarterly and bank b compounds

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Financial Management: Bank a compounds quarterly and bank b compounds

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