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  3. consider the two savings plans below. compare the

Consider the two savings plans below. Compare the balances in each plan after 1111 years. Which person deposited...

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Question

Advance Math

Consider the two savings plans below. Compare the balances ineach plan after

1111

years. Which person deposited more money in the? plan? Which ofthe two investment strategies is? better?

YolandaYolanda

deposits

?$450450

per month in an account with an APR of

55?%,

while

ZachZach

deposits

$ 5000$5000

at the end of each year in an account with an APR of

5.55.5?%.

The balance in

YolandaYolanda?'s

saving plan after

1111

years was ?$

.

?(Round the final answer to the nearest cent as needed. Roundall intermediate values to seven decimal places as? needed.)

Answer & Explanation Solved by verified expert
3.8 Ratings (702 Votes)
On observing the question I found that the data in figures    See Answer
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