Mathematics, 10.10.2021 03:00 bluepanda21
PLZZZ HELP Harrison and Sherrie are making decisions about their bank accounts. Harrison wants to deposit $200 as a principal amount, with an interest of 2% compounded quarterly. Sherrie wants to deposit $200 as the principal amount, with an interest of 4% compounded monthly. Explain which method results in more money after 2 years. Show all work.
Answers: 2
SherriePrincipal P = 200Interest rate r = 4% = 0.04Number of compounds n = 12Time t = 2
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