Jose deposits splits $5,000 evenly into 2 savings accounts.
• Account 1 is safer investment an...
Mathematics, 21.03.2020 00:35 precioussmith76
Jose deposits splits $5,000 evenly into 2 savings accounts.
• Account 1 is safer investment and earns on average 4% simple interest.
• Account 2 is riskier but earns on average 3.5% compounded annually.
What are the amounts each account will earn at the end of 3 years in no additional
deposits or withdrawals are made?
Account 1
Account 2
Answers: 3
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