Mathematics, 03.01.2021 09:50 acharity196

Frank found an account with a 2.7% interest rate compounded monthly and another account with the same interest rate but compounded daily. If he is planning to leave his 51.000 in the account for 25
years, which one will yield more money and by how much more. Show ALL work on this one and
A.)which account yields more money?
B.)how much more?
C.) explain why this account earns more
explain your answer when you are done

Answers: 1

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Frank found an account with a 2.7% interest rate compounded monthly and another account with the sa...