document.write( "Question 1146962: Frank wants to invest $4,000 into a savings account. He is trying to choose between two different accounts. Determine how much money Frank would have in 20 years using each of the following accounts. Then highlight which one would be the best.\r
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document.write( "A 4% interest rate, compounded annually.
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document.write( "A 2% interest rate, compounded quarterly. \r
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document.write( "Separate question
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Algebra.Com's Answer #768239 by ikleyn(52787)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A 4% interest rate, compounded annually\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " Future value is FV =\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A 2% interest rate, compounded quarterly. \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " Future value is FV =\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Compare and make your decision.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |