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Mathematics, 06.11.2020 21:40 bella7524

You are saving for a new tablet? Suppose you have $200 to start, and you need to keep the money in a bank account. Plan A: An additional $20 per month will be added to your account each month. Plan B: An additional 10% of the balance at the time will be added to the account each month. Using the above plans, determine the following: 1) What is the balance of each account after 1 month? After 2 months? After 3 months? 2) What is the balance of each account after 12 months? 3) Which plan would you choose? Explain and give details. Use the DESMOS testing link for assistance if you want to create graphs.

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