# 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

1. 👍
2. 👎
3. 👁
1. well, either

#1 < #2

or

#1 > #2

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2. 👎
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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2. 👎
3. anser is d

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2. 👎

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