Walter invested $5,000 each in two plans. Plan A pays $280 per year, and plan B pays
5%...
Mathematics, 22.04.2020 21:30 cxttiemsp021
Walter invested $5,000 each in two plans. Plan A pays $280 per year, and plan B pays
5% interest compounded annually.
At the end of which year does the total interest earned under plan B exceed that earned
under plan A for the first time?
a.5th year
b.6th year
c.7th year
d.8th year
Answers: 1
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