Mathematics, 02.03.2021 07:10 ellamai16
DRAWING CONCLUSIONS You invest $2500 in an account to save for college. Account 1 pays 6% annual interest compounded
quarterly. Account 2 pays 4% annual interest compounded continuously. Which account should you choose to obtain the greater
amount in 10 years? Justify your answer. Round any answers to the nearest whole dollar.
You should choose account
because account 1 will have a balance of about $
after 10 years and account 2 will have a
balance of about $
after 10 years
Answers: 2
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DRAWING CONCLUSIONS You invest $2500 in an account to save for college. Account 1 pays 6% annual int...
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