Barry, a recentengineeringgraduate,nevertook engi-neering
Chapter , Problem 4-118(choose chapter or problem)
Barry, a recentengineeringgraduate,nevertook engi-neering economics.When he graduated,he was hiredby a prominent architectural firm. The earnings fromthis job allowed him to deposit $750 each quar-ter into a savings account. There were two banks thatoffered savings accounts in his town (a small town!).The first bank was offering 4.5% interest com-pounded continuously. The second bank offered4.6% compoundedmonthly. Barry decidedto depositin the first bank because it offered continuous com-pounding. Did he make the right decision?
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