Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. consider the two savings plans below. compare the

Consider the two savings plans below. Compare the balances in each plan after 1111 years. Which person deposited...

60.1K

Verified Solution

Question

Advance Math

Consider the two savings plans below. Compare the balances ineach plan after

1111

years. Which person deposited more money in the? plan? Which ofthe two investment strategies is? better?

YolandaYolanda

deposits

?$450450

per month in an account with an APR of

55?%,

while

ZachZach

deposits

$ 5000$5000

at the end of each year in an account with an APR of

5.55.5?%.

The balance in

YolandaYolanda?'s

saving plan after

1111

years was ?$

.

?(Round the final answer to the nearest cent as needed. Roundall intermediate values to seven decimal places as? needed.)

Answer & Explanation Solved by verified expert
3.8 Ratings (702 Votes)
On observing the question I found that the data in figures    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Assume that you, as an STI employee, were awarded options on 1,000 shares of STI stock...

Advance Math
1.2K views

From the seven male and ten female sales representative for an insurance company a team of...

Statistics
1.2K views

PLEASE SHOW HOW TO SOLVE IN EXCEL SHOW STEPS Refer to the Johnson Filtration problem introduced...

Physics
1.2K views

18 A conducting circular loop is placed in a uniform magnetic field 0 04 T...

Physics
1.2K views

The x z plane is the boundary between two transparent medium Medium I with y...

Geometry
1.2K views

What is the value of y y Type an integer or a decimal

Geometry
1.2K views

Travis is considering taking out a 20 year loan with monthly payments of 380 at...

Calculus
1.2K views

A ball is thrown into the air with a velocity of 39 ft s Its...

Algebra
1.2K views

The radius of a circle is 6 centimeters What is the circle Use 3 14...

Accounting
1.2K views

Bushman, Inc., issues $600,000 of 9% bonds that pay interest semiannually and mature in 10...

Accounting
1.2K views

Extracts from the budget for Quantum Oak Ltd is shown below: ...

Finance
1.2K views

a) Consider 3 month European options on a 60-priced stock. A 55-strike call costs 6.71...