Mathematics
Mathematics, 16.12.2021 02:10, imstressed

Luke deposits $3,500 into each of two savings accounts. Account I earns 3% annual simple interest. Account II earns 3% interest compounded annually. Luke 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 4 years?

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Luke deposits $3,500 into each of two savings accounts. Account I earns 3% annual simple interest. A...

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