Mathematics, 08.04.2021 19:40, ptrlvn01

Jameson and Quincy each deposit $7,000 into accounts that earn 6% interest, but Jameson earns annual simple interest while Quincy earns annual compound interest. Assuming neither one of them makes any deposits or withdrawals for 5 years, which of the following is a true statement? Jameson will have about $9,367.58 less in his account than Quincy.

Jameson will have about $267.58 less in his account than Quincy.

Jameson will have about $2,367.58 more in his account than Quincy.

Jameson will have about $2,100 more in his account than Quincy.

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Jameson and Quincy each deposit $7,000 into accounts that earn 6% interest, but Jameson earns annual...