October 10, 2015

Homework Help: MATH HELP

Posted by Sammy on Thursday, October 24, 2013 at 12:46pm.

Derrick is investing $1,000 at 5% interest and Anna is investing $750 at 7% interest. Both interest rates are compounded annually. When will they have the same amount saved? (Hint: 1.05t/1.07t =(1.05/1.07)t )

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