Mathematics, 08.02.2021 21:30 morgaaaan3835
Twin sisters Jaimee and Jesse each received 1,000 from their grandparents on their 16th birthday. Jaimee deposited her entire gift into a
savings account that pays 5% annual interest compounded semiannually. Jesse decides to spend $100, and then deposit the rest in a savings
account that pays 7.75% annual interest compounded monthly
Assuming no withdrawals are made, after 4 years which sister will have more money in their savings account?
What is the difference in the sister's savings after 4 years? Express your answers as a decimal rounded to the nearest hundredth.
Answers: 2
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Twin sisters Jaimee and Jesse each received 1,000 from their grandparents on their 16th birthday. Ja...
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