Mathematics, 16.03.2020 20:12 Jlynbodmer

When Kyle is 6 years old, his parents deposit $5000 into an account that earns 4% interest, compounded annually. On Anna's eighth birthday, her parents also deposit $5000 into an account that earns 4% interest, compounded annually. Assuming no additional deposits are made, compare the balance of Kyle's and Anna's accounts when each reaches 18 years of age. (nearest dollar)

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