Home Mathematics Discuss the differences between your 10 year and 30-year balances.
Mathematics

Discuss the differences between your 10 year and 30-year balances.

Number 6
Jose invests $1500 in an account that earns a 5.6% compounded annually. Marta invests $1500 in a
different account that earns 5.7% compounded annually. Based on this information complete the
following:
• Compute the balances in both the accounts after 10 and 30 years.
• Discuss the differences between your 10 year and 30-year balances.
• Find a website that compares interest rates available for ordinary savings accounts at different
banks and identify the range of rates currently being offered. Specify the best rate available.
Awnser the following questions please

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