3 years ago

Jeffery is trying to decide between two investing account plans. An accountant

1 answer:

8 0

Answer:

The semi annual plan with a compounded interest rate of 2.75% is the better plan because the total interest rate annually would be equal to 5.5%, which is less of a payment than the second plan, which is greater than the first plan by 3%.

Step-by-step explanation:

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