Mathematics, 27.04.2021 01:00, Cupcake8189
Which account will have more money in it by the end of one (1) year?
How much money would be in each account? *
You are opening a savings account with $500 and have two options:
Option 1 pays 4.8% annual interest, compounded monthly.
Option 2 pays 5% annual interest, compounded annually.
REMEMBER: Use this equation: A = P(1 + 5)nt
Answers: 2
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Which account will have more money in it by the end of one (1) year?
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