1 Complete the following table which shows the performance of two investments over a period of six years (round all figures to the nearest dollar). Show relevant calculations
Amanda deposits $4500 in an account that earns simple interest at annual rate of
2.275 % Chris deposits $4500 in an account that earns compound interest at annual
rate of 2.275%. What can you conclude?
End of Year
Chris's Balance
Amanda's
Annual Interest
Amanda's
Balance
Chris's Annual
Interest
Conclusion(s)