Grandma says Baby Bertha (BB) should get $1000 at birth plus $50 per year. Grandpa disagrees; he thinks BB should get $1000 at b

Question

3 years ago

14

Grandma says Baby Bertha (BB) should get $1000 at birth plus $50 per year. Grandpa disagrees; he thinks BB should get $1000 at b

irth plus an additional 4% of the accumulated amount each year. Grandma and Grandpa will continue to contribute additional funds into the account as long as BB doesn’t make a withdrawal. Which option should BB’s parents select? Why?

Mathematics

1 answer:

Alchen [17] · Answer 1 · 2022-04-17T14:15:49+03:00

Alchen [17]3 years ago

3 0

Answer:

Big Betty's parents should side with Grandpa

Step-by-step explanation:

although $50 would be better in the first few years, 4% will get exponentially higher and eventually pass $50 by quiet a bit.

hope this helps :)

may I get brainliest please?