Mathematics
Mathematics, 30.04.2021 09:00, stheo

Gina deposits $2,000 into each of two savings accounts. • Account I earns 5% annual simple interest.
• Account II earns 5% interest compounded annually.

Gina does not make any additional deposits or withdrawals. What is the sum of the balances of Account I and Account II at the end of 3 years?

$4,300
$4,300

$4,600
$4,600

$4,630.50
$4,630.50

$4,615.25

answer
Answers: 3

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Gina deposits $2,000 into each of two savings accounts. • Account I earns 5% annual simple interes...

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