Mathematics, 18.02.2021 20:50 atsuedem974
Harrison and Sherrie are making decisions about their bank accounts. Harrison wants to deposit $200 as the principle amount, with an interest of 2% compounded quarterly.
Sherrie wants to deposit $200 as the principle amount, with an interest of 4% compounded monthly. Explain which method results in more money after 2 years.
Sherrie's method results in more money as hers is monthly compared to every four months but I'm not sure how to format the equations to get an exact number for each method.
Answers: 3
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Harrison and Sherrie are making decisions about their bank accounts. Harrison wants to deposit $200...
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