Mathematics, 10.03.2021 20:10 wolffee895

James deposits $12,000 into each of two savings accounts. Account I earns 2.2% interest compounded annually.
Account II earns 2.2% annual simple interest.
There are no additional deposits or withdrawals.
What is the sum of the balances of these accounts at the end of 7 years?

$27,168.00

$27,696.00

$27,822.53

$27,949.08

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James deposits $12,000 into each of two savings accounts. Account I earns 2.2% interest compounded...