Mathematics, 30.04.2021 09:00 stheo
Gina deposits $2,000 into each of two savings accounts.
• Account I earns 5% annual simple interest.
• Account II earns 5% interest compounded annually.
Gina does not make any additional deposits or withdrawals. What is the sum of the balances of Account I and Account II at the end of 3 years?
$4,300
$4,300
$4,600
$4,600
$4,630.50
$4,630.50
$4,615.25
Answers: 3
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Gina deposits $2,000 into each of two savings accounts.
• Account I earns 5% annual simple interes...
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