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Bank account A begins with a deposit of 2400 dollars and earns 5.75% simple interest annually. Bank account B also begins with 2400 dollars and earns...

Bank account A begins with a deposit of 2400 dollars and earns 5.75% simple interest annually. 
Bank account B also begins with 2400 dollars and earns 5.75% interest compounded annually. 
Bank account C begins with 2400 dollars and earns 5.75% APR compounded monthly.
 
2.  Complete the table showing the amount in each account at the end of one year. (Round all answers to the nearest dollar.)

Years Account A Account B Account C
1
 
3.  Complete the table showing the amount in each account at the end of five years. (Round all answers to the nearest dollar.)

Years Account A Account B Account C
5
 
4.  Complete the table showing the amount in each account at the end of ten years. (Round all answers to the nearest dollar.)

Years Account A Account B Account C
10
 
5.  Which of the three investments is best for the investor?
 
Account B
Account C

Account A

Top Answer

Account C is the... View the full answer

CH.xlsx

Account A Account B Account C
1 year
5 years
10 Years 2538
2538 2541.6956
2538 3174.0453 3197.2214
5076 4197.7348 4259.2603

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Other Answers

2. A - $2,538.00 B - $2,538.00 C - $2,541.70 3. A -... View the full answer

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