Mathematics, 12.11.2020 19:40 putaprincess16

Arielle has recently inherited $5500, which she wants to deposit into a CD account. She has determined that her two best bets are an account that compounds semi-annually at an annual rate of 3.3% (Account 1) and an account that compounds monthly at an annual rate of 4.9% (Account 2). Step 2 of 2 : How much would Arielle's balance be from Account 2 over 1.7 years? Round to two decimal places.
Arielle has recently inherited $5500, which she wants to deposit into a CD account. She has determined that her two best bets are an account that compounds semi-annually at an annual rate of 3.3% (Account 1) and an account that compounds monthly at an annual rate of 4.9% (Account 2).

Step 2 of 2 : How much would Arielle's balance be from Account 2 over 1.7 years? Round to two decimal places.

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