Zhong has money to invest in one of two accounts for 2 years. Account 1 requires a $1,200 investment and earns 2.7% interest compounded daily. Account 2 requires a $1,000 investment and earns 3.9% interest compounded annually. Which account has a higher return? Account 2 because it earns $28.85 more than Account 1 Account 2 because it earns $24.04 more than ACcount 1 Account 2 because it earns $14.41 more than Account 1 Account 2 because it earns $12.94 more than Account 1
Zhong has money to invest in one of two accounts for 2 years. Account 1 requires a $1,200 investment and earns 2.7% interest compounded daily. Account 2 requires a $1,000 investment and earns 3.9% interest compounded annually. Which account has a higher return? Account 2 because it earns $28.85 more than Account 1 Account 2 because it earns $24.04 more than ACcount 1 Account 2 because it earns $14.41 more than Account 1 Account 2 because it earns $12.94 more than Account 1
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 63SE: You inherit one million dollars. You invest it all in three accounts for one year. The first account...
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