Account A: $300 monthly deposits, interest rate is 4.2%. Account B: $250 monthly deposits, interest rate is 5.1%. Which account will have a greater value at the end of 15 years? a. Account A will be greater than Account B.

b. Account B will be greater because the interest rate is higher.

c. They will be worth about the same.

d. Not enough information.

A

Step-by-step explanation:

We have to determine the future value of the annuity to determine which account has a greater value

Future value = Amount x annuity factor

annuity factor = Annuity factor = {[(1+r)^n] - 1} / r

Account A = 300 x[ (1.042)^15 - 1 ] / 0.042 = $6097.14

Account B = 250  x[ (1.051)^15 - 1 ] / 0.051 = $5435,42

Account A will be greater

step-by-step explanation:

i can not answer the question due to the fact that you spelled "carton" as "cartoon", a cartoon is something you watch on tv, a carton is a box that holds things. and also you've been waiting for this question for a while so why don't you get off your lazy a** and try to figure it out for yourself for once!

step-by-step explanation:

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sorry for the stars in the middle of words its because it wouldn't let me submit. xd