Ms. bailey is considering two different investment structures for her ira. one structure has her pay $500 each month into an account with an apr of 7.2%. the second structure has her pay $1500 every quarter into an account with an apr of 7.3%. which structure will give ms. bailey a better return on her investment in thirty years? in five year?
if possible, also explain what apr means and what i'm supposed to do with it.