3 years ago

WILL MARK CORRECT ANSWER BRAINLIEST!! 100 Points!!

Mathematics

1 answer:

Vlad1618 [11]3 years ago

6 0

Using the formula for the future value of an annuity: FV = P x (1 + rate)^time - 1 / rate)

1st account:

15,000 x (1 + 0.05)^10 - 1 /0.05) = $188,668.39

2nd account:

15,000 x (1 + 0.10)^10 - 1 /0.10) = $239,061.37

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Step-by-step explanation:

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