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Colson and Mark are both investing $1000. Colson invests his $1000 in an account compounding...

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Accounting

Colson and Mark are both investing $1000. Colson invests his $1000 in an account compounding monthly with an APR of r.

Mark splits his investment into two different accounts. Both accounts are compound monthly at an APR of r (which has the same rate as Colson) - but rather with $700 in the first account, and $300 in the second.

Compare the value of these accounts after N years. Clearly explain your reasoning.

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