jcrosby0129 jcrosby0129

26-05-2023
Mathematics

contestada

Monica has recently inherited $6100, which she wants to deposit into a savings account. She has determined that her two best bets are an account that compounds semi-annually at an annual rate of 2.6% (account 1) and an account that compounds daily at an annual rate if 4% (account 2). How much would Monica's balance be from account 2 over 5.9 years?

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