Mathematics, 02.07.2020 01:01, 1031kylepoe03
Twin sisters Jaimee and Jesse each received $1,000 from their grandparents on their 16th birthday. Jaimee deposited her entire gift into a savings account that pays 5% annual interest compounded semiannually. Jesse decides to spend $100, and then deposit the rest in a savings account that pays 7.75% annual interest compounded monthly.
Assuming no withdrawals are made, after 4 years which sister will have more money in their savings account?
What is the difference in the sister's savings after 4 years? Express your answers as a decimal rounded to the nearest hundredth.
Answers: 3
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 23:30, shadowz8813
Johnny rode his bike to a friends house 4 blocks down the street in his neighborhood. he immediately rode back home once he realized his friend was unable to play. what was his displacement for the total bike ride trip? what could you use as a reference point ? show the steps to solve this problem.
Answers: 3
Mathematics, 22.06.2019 03:30, ashtor1943
Complete this sentence with the best of choices given
Answers: 2
Mathematics, 22.06.2019 04:10, serenityparish
Victor is a mechanic who wants to ensure he has enough funds during his old age. which account will be of benefit to victor? a. checking account b. savings account c. money market account d. individual retirement account
Answers: 2
Do you know the correct answer?
Twin sisters Jaimee and Jesse each received $1,000 from their grandparents on their 16th birthday. J...
Questions in other subjects:
Arts, 09.11.2020 22:40
History, 09.11.2020 22:40
English, 09.11.2020 22:40
