Mathematics, 30.03.2021 17:20 fendyli2353
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Amy was gifted $20,000 to use towards her education when she was a young child. the gift was placed in a college savings account that will pay 2.3% simple interest upon withdrawal. Amy's parents placed $20,000 into another college savings account for her that pays 1.7% compounded annually. which account makes the most money and by how much?
A. The compound interest account makes $927.75 more
B. The simple interest account makes $927.75 more.
C. Neither
Answers: 1
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