1. Questions

magh

suppose you put money into teo different bank accounts. In account #1 you deposit $500 and you will be earning 6% interest compounded quarterly. in account #2 you deposit $600 and you will be earning 5% interest compounded annually. Which statement below best describes the relationship between the amount if money in account #1 and account #2 after 10 years have passed. Assume that during these years you will not withdraw any money

PLEASE HELP I DON'T UNDERSTAND

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Sarah

  1. well, either

    #1 < #2

    or

    #1 > #2

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    2. 👎
    Steve

  2. A:) Account #1 will have approximately $397 less than Account #2.

    B:) Account #1 will have approximately $82 more than Account #2.

    C:) Account #1 will have approximately $70 less than Account #2.

    D:) Account #1 and Account #2 will have approximately the same amount of money in them.

    Assuming you have the same choices as me, the answer is:
    C:) Account #1 will have approximately $70 less than Account #2.

    I got it right.

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    Murkle

  4. anser is d

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    dequavis

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