Mathematics, 23.04.2021 20:00 dustinsampsin9029

Lizzie's grandfather is investigating the interest-rate options of two college funds. Option A gives 3% annual interest compounded yearly. Option B gives 2% annual interest compounded quarterly. Lizzie's grandfather wants to deposit his money into an account for 16 years. He decides to invest $3000 in each account for 16 years. How much money will Lizzie have for college in 16 years, rounded to the nearest dollar?

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