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.)
