February 20, 2017

Homework Help: Math

Posted by Dee on Tuesday, April 24, 2012 at 1:13pm.

Suppose Kevin and Jill both deposit $4000 into their personal accounts. If Kevin’s account earns 5% simple interest annually and Jill’s earns 5% interest compounded annually, how much will each account balance show at the end of 5 years? Calculate the difference between each account

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