Larry and Peggy are making decisions about their bank accounts. Larry wants to deposit $350 as a principle amount, with an interest of 4% compounded quarterly. Peggy wants to deposit $350 as the principle amount, with an interest of 6% compounded monthly. Explain which method results in more money after 2 years. Show all work. (10 points)

Peggy will have earn more money.

Step-by-step explanation:

First lets calculate both interest rates.  Larry's interest rate is 4%, so to find Larry's we will first divide 100 by 4 and we get 0.04.  This is our interest rate.  Now multiply $350 by 0.04 and we get $14.  Because its 2 years, we will multiply $14 by 2, which is $28.  Therefore Larry's amount is $28.  

We know that her interest rate is 6% so we will divide 100 by 6 and we get 0.06.  This is our interest rate.  Now multiply $350 by 0.06 and we get $21. Because it is also 2 years, we will multiply $21 by 2 and we get $42.

Therefore, Peggy will make more money than Larry.

answer: #1 ads up by 8 and i don't know #2