Person a deposits $2650 in an account that pays 5% interest compounded once a year. person b deposits $2400 in an account that pays 6% interest compounded monthly. complete parts (a) through (c) below.
a. who will have more money in their account after one year? how much more? select the correct choice below and fill in the answer box within your choice.
(round to the nearest dollar as needed.)
a.
person upper a will have $= more than person upper b.
b.
person upper b will have $= more than person upper a.