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Mathematics 14 Online
aliyah18:

Larry and Peggy are making decisions about their bank accounts. Larry wants to deposit $350 as a principle amount, with an interest of 4% compounded quarterly. Peggy wants to deposit $350 as the principle amount, with an interest of 6% compounded monthly. Explain which method results in more money after 2 years. Show all work

Mercury:

|dw:1579880412854:dw| simply apply the compound interest formula to both accounts and see which one results in a higher A value

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