Well in real life I'd say to first put 60000 in Option 2 after 4 months bring it to option one
idk tho I'm not an expert at finance
Ok here we go!
You have 60000 and 1000/ 2wks
that's 120 wks.
So you'd get 1+2+3+4...+120(1.95% * 1000)
This is since you see, first you have 1000, then you add another 1000, so we now have 2000, and kinda using dist. property.
Of course this calculated weekly
I suppose we multiply 14 with this for 14 days
so 1+2+3...+120 is 121 * 60 = 7260
1.95 %= 0.0195 since we divide 100
7260* (1.95) * 14 = 198198
That doesn't seem right. Are you sure it's supposed to be that interest is given daily?
well... backtrace!
You get 14157 dollars in interest if you bank 1000 dollar increments over 120 weeks, to a total of 60,000
Not too shabby. I got 0.14 dollars for the same amount every 6 months at TD...
Treasury bonds are much better ( if you are in the US)
OKAY plan 2.
For this just do something like put some of your money in, then put more money in after that, but not more than like idk 2000 every 4 months
maximize your revenue
you are going to have to do some crunching tho
Good luck with your future financial endeavors!
If you don't as anything feel free to ask
