Lorena is trying to choose between two different savings accounts at H-Town Bank. She will deposit $3,500 dollars and will leave
the money in the account for 12 years. There will be no additional money deposited or withdrawn from the account. Advanced Savings Account. Initial Deposit three thousand five hundred. Account earns 5 percent simple interest. Premier Savings account. Initial Deposit three thousand five hundred. Account earns four point five percent interest compounded annually. Which statement about the accounts will be true at the end of 12 years?
