Mathematics, 02.07.2020 01:01 1031kylepoe03
Twin sisters Jaimee and Jesse each received $1,000 from their grandparents on their 16th birthday. Jaimee deposited her entire gift into a savings account that pays 5% annual interest compounded semiannually. Jesse decides to spend $100, and then deposit the rest in a savings account that pays 7.75% annual interest compounded monthly.
Assuming no withdrawals are made, after 4 years which sister will have more money in their savings account?
What is the difference in the sister's savings after 4 years? Express your answers as a decimal rounded to the nearest hundredth.
Answers: 3
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Twin sisters Jaimee and Jesse each received $1,000 from their grandparents on their 16th birthday. J...
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