Mathematics, 12.03.2021 19:50 mileskamron979
James deposits $12,000 into each of two savings accounts.
-Account I earns 2.2% interest compounded annually.
-Account II earns 2.2% annual simple interest.
-There are no additional deposits or withdrawals.
What is the sum of the balances of these accounts at the end of 7 years?
A) $27,168.00
B) $27,696.00
C) $27,822.53
D) $27,949.08
Answers: 2
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James deposits $12,000 into each of two savings accounts.
-Account I earns 2.2% interest compounded...
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