Mathematics, 15.12.2020 19:30 jaxhat646

Marc deposits $1,500 into two savings accounts. Account 1 earns 4% annual simple interest.
• Account 2 earns 4% interest compounded annually.
Marc does not make any additional deposits or withdrawals. What is the sum of the
balances of Account 1 and 2 at the end of 3 years?

Answers: 1

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Marc deposits $1,500 into two savings accounts. Account 1 earns 4% annual simple interest.
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More questions: Mathematics Another questions

Marc deposits $1,500 into two savings accounts. Account 1 earns 4% annual simple interest. • Account 2 earns 4% interest compounded annually. Marc does not make any additional deposits or withdrawals. What is the sum of the balances of Account 1 and 2 at the end of 3 years?

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Another question on Mathematics

Marc deposits $1,500 into two savings accounts. Account 1 earns 4% annual simple interest.
• Account 2 earns 4% interest compounded annually.
Marc does not make any additional deposits or withdrawals. What is the sum of the
balances of Account 1 and 2 at the end of 3 years?