subject
Mathematics, 14.12.2020 21:50 meramera50

Twin sisters Jaimee and Jesse each received $1,000 from their grandparents on their 16th birthday. Jaimee deposited her entire gift into a savings account that pays 5% annual interest compounded semiannually. Jesse decides to spend $100, and then deposit the rest in a savings account that pays 7.75% annual interest compounded monthly. Assuming no withdrawals are made, after 4 years which sister will have more money in their savings account?

What is the difference in the sister's savings after 4 years? Express your answers as a decimal rounded to the nearest hundredth.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 14:30
What is the prime factorization of 195
Answers: 2
question
Mathematics, 21.06.2019 20:40
The acceleration of an object due to gravity is 32 feet per second squared.what is acceleration due to gravity in inches per second squared?
Answers: 2
question
Mathematics, 21.06.2019 23:40
Select the correct answer what is the 10th term of the geometric sequence 3,6, 12, 24,48 a. 512 b. 3,072 c. 768 d. 1,536
Answers: 2
question
Mathematics, 22.06.2019 00:00
The width of a rectangle is half as long as the length. the rectangle has an area of 18 square feet. what are the length and width of the rectangle?
Answers: 1
You know the right answer?
Twin sisters Jaimee and Jesse each received $1,000 from their grandparents on their 16th birthday. J...
Questions
question
Mathematics, 20.09.2020 03:01
question
Chemistry, 20.09.2020 03:01
question
Mathematics, 20.09.2020 03:01