Mathematics
Mathematics, 24.07.2019 13:30, kyle65

Katie invests $5,000 in an account earning 4% interest, compounded annually for 5 years. two years after katie's initial investment, emily invests $10,000 in an account earning 4% interest, compounded annually for 3 years. given that no additional deposits are made, compare the amount of interest earned after the interest period ends for each account. (round to the nearest dollar) a) katie earned $408 more in interest in her account than emily. b) emily earned $408 more in interest in her account than katie. c) katie earned $166 more in interest in her account than emily. d) emily earned $166 more in interest in her account than katie.

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Katie invests $5,000 in an account earning 4% interest, compounded annually for 5 years. two years a...

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