alyazyaalf alyazyaalf

09-01-2023
Mathematics

Answered

BANKING Twin brothers Amare and Jermaine each received $1000 for graduation. Amare invests his money in an account that pays 2.25% compounded daily. Jermain invests his money in an account that pays 2.25% compounded
annually.

Part A

Which brother will have more money at the end of 10 years?
A) Amare
B) Jermaine
C) The accounts will be equal.

Part B

To the nearest cent, how much more money? $

Answer :

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