Madison received $10,000 in gift money when she graduated from college. She deposited the money into
an account that pays 5% compound interest annually.
Madison's friend Frank deposits $10,000 in an account
with an annual compound interest rate of 6% at the sam
time.
At the same time that Madison and Frank open their
accounts, another friend Kasey opens a savings account
in a different bank. Kasey deposits $12,000 at an annual
compound interest rate of 4%.