Need math help with Exponential growth

Nov 20th, 2015
Price: $5 USD

Question description

  1. Juan and Michelle each have $800. Juan plans to invest $200 for each year of the next four years, while Michelle plans to invest all $800 now. Both accounts pay 3% annual interest compounded monthly. Will they have the same amount of money after four years? Explain why or why not.

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(Top Tutor) Vincent A
School: University of Maryland

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