Katie invests $5,000 in an account earning 4% interest, compounded annually for 5 years. Two years after Katie's initial investm

Question

Taya2010 [7]

3 years ago

8

Katie invests $5,000 in an account earning 4% interest, compounded annually for 5 years. Two years after Katie's initial investm

ent, Emily invests $10,000 in an account earning 4% interest, compounded annually for 3 years. Given that no additional deposits are made, compare the amount of interest earned after the interest period ends for each account. (round to the nearest dollar)

Mathematics

1 answer:

Serjik [45] · Answer 1 · 2022-06-13T03:24:31+03:00

Serjik [45]3 years ago

7 0

Your doing great, I’m pretty sure that’s the correct answer