Answered

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Harrison and Sherrie are making decisions about their bank accounts. Harrison wants to deposit $200 as a principle amount, with an interest of 2% compounded quarterly. Sherrie wants to deposit $200 as the principle amount, with an interest of 4% compounded monthly. Explain which method results in more money after 2 years. Show all work. (10 points)

Sagot :

thezekromninja

Answer:

Harrison earns: $208.14

Sherrie earns: $216.57

Step-by-step explanation:

Sherrie earns more money than Harrison in 2 years.

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