Question

you invest 2,000.00 in a stock plan and another 2,000.00 in a savings account. the stock plan decreases by 7% the first year and gains 10% the second year. the savings account earns a 3.7% APR and compounds annually what is the difference in earning between the stock and savings account at the end of the second year

Answer 1

So the amount of earnings in the savings account is $ 2,150.74 at the end of the second year

Answer 2

Do you know what the stock plan's APR starts at?

Answer 3

@lovelygirl75

Answer 4

2,000.00

Answer 5

well no I mean the percentage not the starting principle