Mathematics, 28.07.2021 02:00, smarty5187

Calvin deposits $400 in a savings account that accrues 5% interest compounded monthly. After c years, Calvin has $658.80. Makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. After m years, Makayla has $613.04. What is the approximate difference in the number of years that Calvin and Makayla have their money invested? 1, Makayla invests her money 1 year longer. 2. Makayla invests her money 2 years longer. 3. Calvin invests his money 1 year longer. 4.Calvin invests his money 2 years longer.

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Calvin deposits $400 in a savings account that accrues 5% interest compounded monthly. After c years...