Answered

Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

A woman deposits $12,000 at the end of each year for 12 years in an investment account with a guaranteed interest
rate of 5% compounded annually.
(a) Find the value in the account at the end of the 12 years.
(b) Her sister works for an investment firm that pays 4% compounded annually. If the woman deposits money with this
firm instead of the one in part (a), how much will she have in her account at the end of 12 years?
(c) How much would she lose or gain over 12 years by investing in her sister's firm?

Sagot :

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.