Mathematics, 30.03.2021 07:30, Homepage10

George says that an account that earns 4% interest compounded annually and an account that earns 2% interest compounded semi-annually will be worth the same if the principals are the same. Analyze whether George’s statement is accurate and explain which (if any) option is better. Explain how you arrived at your answer. Use numbers and calculations to provide evidence for your response. Answer in complete sentences.

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George says that an account that earns 4% interest compounded annually and an account that earns 2%...